Market News Today

Mumbai's 131 km rail line to Nashik gets approval, with two new lines between Manmad and Kasara. This project, featuring 18 tunnels, will enhance speed, capacity, and suburban connectivity, boosting regional travel and economic growth.

Maharashtra approved the Kalyan–Latur Expressway and Malshej Tunnel, cutting 11-hour travel to 4 hours. The 442 km corridor, including an 8 km tunnel, costs ₹35,000 crore, with planning taking 12-18 months.

Maharashtra fast-tracks an all-electric Mumbai Water Metro with 21 terminals and a 200-nautical-mile route, targeting 1.80 crore annual passengers. The state also aims for India's largest shipyard by 2026, boosting maritime infrastructure and clean mobility.

PE, PP, PVC continued to show weakness as China’s futures market remained under pressure, leading to subdued buying interest and limited, highly selective trading activity. Forward sales for January deliveries have become increasingly difficult, with most buyers opting to delay procurement in anticipation of further price softening and clearer market cues. On the positive side, sentiment received a mild boost following optimistic statements from both US and Indian leadership regarding a potential bilateral trade deal. The development has sparked hopes of improved trade flows and a more supportive market environment in the coming months.

Bora LyondellBasell Petrochemical has taken its Styrene Monomer (SM) plant offline for planned maintenance around 10th December 2025. The facility, located in Liaoning, China, has a production capacity of 350,000 tons per year. The shutdown is part of scheduled upkeep operations to ensure stable production and plant reliability.

Wankai Group has commissioned a new Polyethylene Terephthalate (PET) production facility in Cilegon, Indonesia. The plant, with an annual capacity of 750,000 tons, is expected to generate significant employment opportunities and contribute to the region’s economic growth. The new unit further strengthens Wankai’s presence in the global PET market.

Shiyou Chemical has taken its Phenol and Acetone production unit in Yangzhou, Jiangsu, offline for scheduled maintenance activities. The facility houses a Phenol unit with an annual capacity of 220,000 tons and an Acetone unit capable of producing 130,000 tons per year. Production is expected to remain halted until maintenance work is completed.

Hyderabad struggles to enforce Supreme Court's stray dog rules due to inadequate infrastructure. Its 5 ACCs have 3,300 capacity, while 50,000 strays roam. GHMC plans new facilities and deployed 800 officers, but capacity and porous perimeters hinder enforcement.

Bengaluru's BDA open house saw 50 citizens voice frustration over site allotments, compensation delays, and NOCs. The Commissioner directed 30-day processing for cleared cases, with penalties for delays, aiming to boost accountability and public trust.

Kochi's air quality is deteriorating, with AQI reaching 284 and PM2.5 exceeding 120 µg/m³. An MP urged central intervention for scientific assessment, funding, and reforestation to combat industrial emissions, construction dust, and vehicle pollution.