Market News Today

Indian stainless steel prices stayed mixed as nickel traded at $15,425/ton and copper at $10,150/MT. Domestic 300 series demand softened, 400 series firmed, and 200 series remained robust. Global sentiment is weak on EU trade risks, while India’s steel index hit a five-year low despite steady iron-ore production growth.

China and India PVC prices stayed weak amid oversupply and muted downstream demand. SG-5 carbide PVC averaged RMB 4,664/ton in China, while Indian spot offers hovered around ₹67,000–70,000/MT. Stable calcium-carbide costs and sluggish exports keep fundamentals soft, with near-term prices expected to remain range-bound.

Sarawak exported 500,000 tonnes of methanol in eight months, boosting its petrochemical industry. The RM7 billion methanol plant has a 1.75 million tonne annual capacity.

Numaligarh Refinery's expansion and new polypropylene plant to boost petrochemical intensity by 4%, reaching Rs. 16,260 crore net worth and record sales volume.

Toluene prices softened to ₹67–68/kg amid weak paint and coating demand and oversupply, tracking a 3% drop in crude oil. Imports dominate India’s 57,000 MT monthly need, while pharma demand may lend near-term support. Market direction hinges on crude trends and post-monsoon recovery in downstream sectors.

Reliance Industries Limited (RIL) has announced price protection on Polypropylene (PP) with effect from 16th September 2025, valid until 30th September 2025 or until the next price revision, whichever occurs earlier.

India's highway expansion under PM Modi fuels auto sector growth. 20,770 km completed under Bharatmala, 40+ km built daily, boosting vehicle sales and supporting EV adoption.

Due to increased Ukrainian drone attacks on Russian export and port facilities, oil prices are rising marginally on supply disruption concerns.

Adani Enterprises will invest \u20b94,081 crore to build a 12.9 km ropeway between Sonprayag and Kedarnath, reducing travel time from 8-9 hours to 36 minutes.

Maharashtra CM will inaugurate a 67.78 km Amalner-Beed railway line, part of the 261.25 km Ahilyanagar-Beed-Parli Vaijnath project, boosting connectivity and development in the Marathwada region.