Market News Today

Malaviya Solar Consultancy partnered with LuxChemtech for 98%-recovery, zero-waste solar panel recycling technology in India. This supports India's 500 GW renewable target by 2030, addressing up to 19 million tons of solar waste.

UPERC approved a 300 MW wind-solar hybrid power deal for UPPCL at ₹3.56/kWh for 25 years. This boosts Uttar Pradesh's renewable energy targets, combining 250 MW solar and 104 MW wind capacity for RPO compliance.

The Korea Trade Commission (KTC) has increased anti-dumping duties on Polyethylene Terephthalate (PET) film imported from two major Chinese producers and their affiliates, effective 20 November 2025. Duties on imports from Kanghui New Material Technology Co. have been raised from 2.2% to 7.31%, while the duty on PET film from Tianjin Wanhua Co. has surged from 3.84% to 36.98%.

Sinochem Quanzhou Petrochemical has successfully restarted its 400,000 TPA High Density Polyethylene (HDPE) unit in Quanzhou, China, following maintenance. The facility is now back in operation.

Styrene Monomer (SM) prices moved up in Asian trading, with fresh assessments placing FOB Korea values at US$ 820 per MT, reflecting a firming trend in the regional market.

Nissan Chemical achieved strong sales growth in fiscal H1 ended Sept. 30, driven by increased sales in cosmetics and environmental-related products across key business divisions.

A study reveals Pune Metro footpaths near five stations on a 4km stretch are unsafe due to broken pavements, encroachments, and poor maintenance. Over 3,000 citizens urged PMC for improvements, crucial for sustainable urban mobility.

Seven Mumbai road overbridges remain incomplete due to civic body delays in land acquisition, legal issues, and utility relocation. This stalls train and road traffic, with Diva's level crossing opening over 100 times daily, impacting thousands of commuters.

Mumbai's MHADA concluded hearings for 935 stalled redevelopment projects, hearing over 500 landlords and many tenants. A report for the High Court next week offers hope to unlock permissions and resolve unsafe living conditions.

Acetone prices fell by ₹3/kg due to weak downstream demand, steady domestic production, and consistent imports. Soft benzene and propylene prices further pressured sentiment. While demand from paints, IPA, and DAA remains weak, a recovery is expected from the pharma sector by December–January, which may help stabilise prices.