Market News Today

Ethyl acetate increased in the indian market, operating in the ₹66.5–₹67.5/kg range depending on customer location. Severe feedstock shortages, rising ethanol costs, and reduced imports have tightened supply significantly. With possible plant shutdowns and manufacturers prioritising exports, market sentiment remains strong and prices may continue rising through December.

KSERC proposes removing the 10 paise/unit fuel surcharge ceiling to align with Central Rules, ensuring automatic monthly cost recovery for licensees. This aims for financial neutrality, with public feedback open until December 23, 2025.

Pune's transport network is set for major upgrades. Chandani Chowk completed March 2024. Katraj flyover by June 2026, Pune-Satara road by June 2027, and Nashik Phata-Khed elevated corridor by March 2030. Feasibility studies for more projects underway.

MCL invites EOI for a 60 MWh Battery Energy Storage System in Odisha to integrate renewables and achieve net-zero emissions. Proposals, including CAPEX in Rs./MWh and LCOS in Rs./kWh, are due by December 26, 2025.

BMC halted Girgaon Charni Road FOB reconstruction (15% complete, ₹5.57 crore tender) after Saifee Hospital objected to its landing obstructing ambulance routes. High Court guidance is sought as residents face disrupted commutes.

Maharashtra’s rail network expanded with 24 Vande Bharat Express services, connecting Pune and major cities. Operating 3-6 days weekly, these trains enhance speed, efficiency, and sustainable urban mobility, strengthening state-wide connectivity.

GNFC has increased Acetic Acid prices by Rs. 1/kg basic, effective December 4, 2025. The revised basic price for tanker supply is ₹33/kg, while carboys supply is now priced at ₹45.50/kg, applicable immediately.

Mumbai's BMC announced a 15% water cut across 17 wards for 24 hours on Dec 8-9. This is for replacing a 2,750mm main water channel from Tansa Dam to Bhandup Water Treatment Plant, ensuring long-term supply reliability.

Sinopec Great Wall Energy and Chemical is preparing to shut its 410,000-ton/year Acetic Acid plant in Ningdong, Ningxia, China for maintenance. Additionally, the company has reduced its Phenol offers in east China by CNY 200/ton effective 3rd December 2025.

Reliance Industries Limited (RIL) has reduced domestic polyethylene (PE) prices by ₹1,000/MT, effective 4th December 2025, and has simultaneously withdrawn its price protection. Meanwhile, the company has kept polypropylene (PP) prices unchanged for the same date.