Market News Today

Phenol prices in India remained stable during Q2 2026, supported by higher benzene feedstock values and elevated energy costs. However, weak demand from BPA, construction, automotive, and caprolactam sectors continues to limit price recovery. Buyers remain cautious, keeping the market largely demand-driven rather than cost-driven.

Aluminium prices in India witnessed mixed trends as lower global prices and weak seasonal demand weighed on sentiment. However, falling inventories, tightening scrap availability, and supply-side constraints continued to provide support. Market participants remain cautious, with geopolitical developments and downstream demand expected to influence price direction in June.

Eight workers died and six were injured in a blast at the RINL Visakhapatnam steel plant; Union Minister H. D. Kumaraswamy announced ₹25 lakh for each family.

Production was higher in May 2026, mainly due to full operations of the Dolvi unit (one of the blast furnaces was under planned maintenance shutdown in May 2025), and JVML operations fully ramped up.

A tragic explosion at Vizag steel plant leaves eight dead and six injured, highlighting safety concerns in industrial facilities.

Chennai Tiruttani EMU trains face disruptions until June 12 due to essential track maintenance. One afternoon and one evening service will terminate at Tiruvallangadu, impacting commuters but ensuring long-term operational safety and reliability.

Chennai Metro Phase Two's Corridor 5 completed its final U-shaped segment, marking a significant step. All 824 U-girders for the 13.1 km elevated stretch are done, enhancing connectivity and sustainable urban growth.

Former LyondellBasell chief Bhavesh "Bob" Patel will take charge of Sempra Infrastructure following the completion of a KKR-led acquisition that will reshape the ownership structure of the North American energy infrastructure company.

Chennai is investing ₹2.62 crore to launch a unified digital platform within a year, integrating civic services, AI support, and payment systems to simplify resident interactions and enhance urban governance.

Southern Railway initiated tendering for Chennai's sixth railway line, adding two broad-gauge tracks between Villivakkam and Ambattur. The ₹129 crore project, under EPC, aims to boost mobility and freight over two years.