Market News Today

Celanese restarted its Acetic Acid Plant in Pulau Sakra, Singapore, on November 24, 2025. The facility has a production capacity of 600,000 tons per year.

Indian ammonium sulfate subsidies are projected to boost import demand, according to traders. However, urea and potash imports will remain unaffected by these new subsidies.

Asian base oil prices stayed stable to slightly softer, with heavy grades under the most pressure due to oversupply and muted buying interest. Weak lubricant demand from automotive and industrial sectors, combined with abundant inventories and year-end destocking, continued to suppress spot activity. Despite refinery restarts and ongoing shipments, the overall sentiment remained weak as buyers expected further declines.

Agra Nagar Nigam re-issued a tender for a 7.5 MW grid-connected solar power plant in Uttar Pradesh after cancelling the previous one. The project, under capital expenditure mode for five years, seeks bidders for full development responsibilities.

A major Saudi producer cut December PP/PE prices in Southeast Asia by $20-30/ton, setting the benchmark. Buyers seek deeper $20-30/ton cuts amid persistent weak demand.

Domestic flat steel prices continue to slide due to weak demand and relaxed imports. HRC ex-Mumbai fell ₹500/t to ₹46,500/t, while CRC dropped ₹200/t to ₹54,800/t week-on-week, amidst high inventories.

Mumbai Metro Line 3 offers a 25% fare concession for differently-abled commuters, effective November 23, 2025. This aims to promote inclusivity and equitable access across the Aqua Line, enhancing urban mobility.

Mumbai's CR plans 15-coach trains and extended platforms at 34 stations by mid-2026 to ease commute for 3.5 million daily passengers. This aims to boost capacity by 300,000, improving comfort and safety.

Ahmedabad leverages Transferable Development Rights (TDR) to restore 138 historic heritage properties, preserving centuries-old structures in its Walled City. This initiative supports residents, with 101 residential buildings benefiting, ensuring sustainable urban preservation.

Mumbai's Badhwar Park redevelopment, stalled since 2022-23 due to unutilized funds and no 2023-24 budget, will resume after BMC's fresh allocation. The November 2022 tendered project includes plaza, paving, seating, and lighting.