Market News Today

India's BESS market surged 6x to 341 MWh in 2024, driven by policies and renewable growth. Major tenders for solar, storage, and manufacturing, alongside significant investments, position India as a global clean energy leader, forecast to add 6.2 GW wind in 2025.

MNRE revised BIS guidelines for solar module series approval. Testing requires 2 modules each from lower, median, higher power classes. Modules 0.2W-20W are excluded from series guidelines. Efficiency and marking rules updated, BOM changes require retesting.

India's rooftop solar capacity surged 161% YoY to 4.9 GW in 9M 2025, reaching 18.6 GW cumulative. PM Surya Ghar drove growth. Gujarat led additions (16.2%), followed by Maharashtra (15.6%), UP (14.6%), Kerala (8.4%), and Rajasthan (7.7%).

Global ethylene feedstock prices showed mixed movement across regions. In the US Gulf Coast, FD prices increased to 18.25 cents/lb, indicating an upward trend. European prices remained unchanged, with FD Northwest Europe at €525/MT and CIF NWE at €680/MT. In Asia, prices were stable, with CFR Northeast Asia at $740/MT and CFR Southeast Asia at $720/MT.

KSERC approved a mandatory INR 250 crore threshold for Tariff Based Competitive Bidding (TBCB) in intra-state transmission projects. This aligns with power sector reforms and borrowing-linked conditions, including up to 0.5% GSDP for FY26.

BluPine Energy won 'Company of the Year' at RE Assets 2025 for pioneering robotic solar operations and repowering 10-year-old assets. This boosts efficiency, reduces water dependency, and improves IRR, redefining India's renewable energy landscape.

Fertilizers & Chemicals Travancore (FACT) exhibits mixed technical signals: mildly bearish momentum but strong bullish volume, suggesting underlying demand despite sectoral headwinds. The company operates in a sector sensitive to agriculture and policies.

New US PE capacity (2mn t/yr) in 2026, coupled with 4mn t/yr global supply, will create oversupply. This favors buyers, keeping prices low despite producers' efforts. US exports rose from 39% (2022) to 48% (2025).

China's futures market saw mixed movements for May 2026 contracts. PP futures rose to 6,300 RMB/MT, LLDPE held steady at 6,465 RMB/MT, and PVC futures opened lower at 4,816 RMB/MT.

The European Commission has imposed antidumping duties of up to 115.9% on Chinese choline chloride imports, effective December 26, 2025.