Market News Today

Jindal Poly Film Limited has reduced BOPET film prices by ₹3 per kg, effective March 28, 2025, likely due to market conditions and easing input costs.

Sinopec lowered domestic benzene prices in China by CNY 250/MT to CNY 5,750/MT EXW.

India launched the Green Hydrogen Certification Scheme (GHCI) aiming for 5 million metric tonnes annual capacity by 2030, attracting ₹8 lakh crore investments and creating 6 lakh jobs.

Asian propylene prices fell on Monday due to slower purchases and lower energy costs. FOB Korea prices dropped $5/mt to $775-785/mt, while CFR China prices decreased $10/mt to $810-820/mt.

Ethylene feedstock prices showed mixed trends across key global regions. In the USA, FD Gulf Coast (GC) prices declined to 18.90 cents/lb. European markets saw slight weakening, with FD NWE dropping by €10 to €765/MT, while CIF NWE remained unchanged at €805/MT. In Asia, the market remained steady with CFR Northeast Asia (NEA) and CFR Southeast Asia (SEA) assessed at $795/MT and $875/MT, respectively, showing no change from previous levels.

Naphtha prices remained at $575/MT C&F Japan. European propylene rose €10 to €835/MT CIF NWE and €845/MT FD NWE. Asian propylene held steady at $820/MT CFR China and $785/MT FOB Korea.

ALTÉRRA invests $100 million in Evren to develop 11 GW of renewable energy capacity in India, supporting the country's 500 GW target by 2030.

SDHI and Wheel & Time launch India's first integrated F.A.S.T. logistics ecosystem in Pipavav shipyard. This partnership offers turnkey solutions for heavy engineering projects, handling up to 10,000 tonnes monthly.

A Dalit IAS officer, K.C. Samria, was convicted in coal block allocation cases despite not being in the allocation department (CA-I) when the alleged irregularities occurred (2006-2007).

Three-phase plan underway to decongest Delhi-Gurugram NH-48. New entry/exit points being built near Shankar Vihar, Shiv Murti, and Telco point. Project aims to reduce traffic snarls.