Market News Today

Crude oil markets remain volatile due to geopolitical tensions, but easing US-Iran relations have capped price gains. Meanwhile, the polymer market faces structural weakness driven by high Chinese inventories and rising import pressure. Domestic prices have corrected significantly, with further downside expected as the market transitions into an inventory liquidation phase despite temporary feedstock firmness.

The MS and DI pipes market shows a mixed trend. While MS ERW pipes are facing inventory pressure and stable pricing due to oversupply, the DI pipe segment is experiencing strong demand backed by government water infrastructure initiatives. A clear supply shortage in DI pipes is supporting firm-to-bullish pricing, whereas MS pipes are likely to remain range-bound in the near term despite improving demand sentiment.

The Indian bitumen market shows regional price variations influenced by crude volatility and infrastructure demand. Current trends indicate a steady shift in procurement patterns as bulk bitumen price today remains competitive against packed options. Major industrial hubs like Mumbai and Hyderabad are witnessing increased activity, shaping the overall domestic price in India.

Stainless steel prices remain firm, supported by stable raw material trends and consistent demand across segments. The 300 series shows steady demand with minor shortages, while the 400 and 200 series are witnessing improving consumption. Limited imports are supporting domestic prices. Recent price hikes by JSL further reflect positive sentiment, with the market expected to remain stable to strong in the near term.

Methanol price today weakened across Asia and India due to cautious sentiment and weak demand. Prices in India dropped to ₹63–75/kg amid profit booking. While supply remains stable, geopolitical uncertainty and freight costs continue to influence trends. The market is expected to remain range-bound with a slightly bearish outlook.

Zinc price today in India and global markets showed strong recovery driven by short covering and improved sentiment. MCX zinc price in kg gained over 1%, while LME zinc also moved higher. Stable supply and optimistic market outlook indicate continued firmness in zinc prices with potential upside in near term.

Structural steel prices in India have firmed up across key regions as demand stabilizes post financial year-end. Improved offtake from infrastructure and industrial sectors, along with controlled supply and reduced selling pressure, is supporting the market. With mills pushing marginal price hikes, the outlook remains stable with a mild upward bias in the near term.

The non ferrous metal price in India is experiencing a strategic recalibration this April 2026. While aluminium prices have softened due to eased geopolitical tensions, copper faces bearish sentiment from global macroeconomic cooling. Traders are closely monitoring the demand supply India gap as high energy costs and logistical bottlenecks continue to support physical premiums across major industrial hubs.

The DI and MS ERW pipe price in India is currently trending bullish as Q2 2026 begins. With massive government outlays in water infrastructure and urban development, demand supply India dynamics remain tight for specialized DI grades. Traders should expect sustained price levels in hubs like Delhi and Ahmedabad, as rising input costs prevent any immediate downward correction in the market.

The price today reflects a balanced market where SS 304 price in kg has stabilized between ₹180 and ₹210 depending on the regional warehouse. Domestic mills are maintaining steady production levels as the industry benefits from a ₹12.2 lakh crore capex injection into railways and defense. While global nickel remains volatile near $17,200 per tonne, the Indian supply chain is well-buffered by healthy inventory levels and streamlined BIS import exemptions.