Market News Today

Zinc prices in India remained firm this week as strong global metal sentiment, stable downstream demand, and tight near-term supply supported the market. MCX Zinc Futures continue to trade in an uptrend, while buyers from galvanizing and infrastructure sectors remain active. Market participants are closely tracking resistance near ₹355/kg.

Delhi-NCR housing costs outpace salaries, making home ownership difficult for ₹50,000-₹1 lakh earners. Loan repayments exceeding 30-40% of income push buyers to peripheral areas, raising infrastructure and environmental concerns.

Greater Noida's 37-km, 8-lane road upgrade to Ganga Expressway approved, boosting logistics, cutting travel to under 45 minutes, and accelerating urban expansion, strengthening freight movement across NCR.

Harima Chemicals achieved robust profit growth for the financial year ended March 31, with increased paints resin sales contributing to the positive performance despite mixed segments.

Delhi Metro extends services on May 8 for IPL crowds at Arun Jaitley Stadium, managing late-night mobility. This reflects urban resilience planning and climate-conscious infrastructure for major events.

Granules India reported strong revenue growth in its API business. Its pharmaceutical formulation intermediates unit saw sales rise 9% YOY in the fiscal quarter ending March 31.

China's May PP output is forecast to rise 6.89% MoM to 3.015 mln tonnes, with capacity utilization recovering to 65.94%. This signals a gradual supply recovery, despite high cost pressures impacting some production routes.

China's sulfuric acid prices hit a yearly high in May 2026, surging 80.57% year-on-year to Yuan 1,780-2,100/t. This sharp increase was driven by severe supply tightness caused by widespread plant maintenance.

Styrene monomer (SM) prices in Asia declined by USD 10/mt, with FOB Korea at USD 1320-1330/mt and CFR China at USD 1295-1305/mt, due to weaker energy and benzene feedstock costs.

A court-backed resolution revives three stalled Greater Noida and Gurugram projects with a ₹750 crore investment. This eases stress for nearly 3,000 homebuyers, restarting construction and upgrading infrastructure after a decade of delays.