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1 day agoAcetone

Acetone Market Turns Bearish as Domestic Run Rates Improve and Imports Rise

Acetone prices fell by ₹3/kg amid improved domestic production, steady import arrivals, and sluggish downstream demand. Paints, IPA, and DAA segments remain weak, while upcoming pharma sector demand could provide limited support. With bearish feedstock trends and rising availability, prices are expected to stay soft in the short term.
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1 day agoCPVCPVC

PVC Market Holds Firm Amid Supply Pressure and Tepid Domestic Demand

PVC prices saw a marginal rise in early July, supported by export demand and energy market trends. However, subdued domestic consumption, rising inventory, and limited downstream activity are capping major gains. While supply remains high due to increased plant operations, the market is expected to stay stable with slight upward potential.
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2 days agoDI PipeMS ERW Rectangular Hollow SectionMS ERW Round Pipe

Monsoon Dampens Pipe Demand as Manufacturers Offer Discounts to Ease Oversupply

In early July 2025, demand for DI and ERW pipes remains weak due to monsoon disruptions and sluggish project activity. Manufacturers are offering bulk discounts amid inventory pressure. However, a demand rebound is expected post-monsoon. Strategic buying and stock planning during this low-price window could benefit both buyers and suppliers.
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3 days agoSS Cold Rolled CoilsSS Hot Rolled Coils

Stainless Steel Market Holds Steady Amid Diverging Grade Demand and Robust FY25 Growth

Stainless steel prices remain steady across grades, with 300 series showing flat demand and 200 series witnessing strength due to limited imports. ISSDA reports 8% consumption growth in FY25, signaling robust market fundamentals. Scrap prices remain stable, while end-user sectors continue to influence grade-wise performance amid evolving supply trends.
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3 days agoToluene

Toluene Market Bearish on Crude Crash, Weak Coating Demand, and Eased Mideast Tensions

Toluene prices fell ₹2/kg amid weak demand from paints and coatings sectors and improved domestic supply. Stabilizing Middle East tensions and rising US crude inventories have further weighed on sentiment. Although pharma-related demand offers limited support, refining margins remain under pressure. A price recovery appears unlikely in the short term.
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4 days agoHot Rolled PlatesMS Hot Rolled CoilsCold Rolled Coils

Flat Steel Prices Steady Amid Weak Demand; POSCO Holds Stainless Rates to Tackle Imports

Flat steel prices remain unchanged across key Indian markets despite subdued demand due to seasonal factors. Distributors report a lull in HRC and CRC movement, but expectations are bullish for the second half of 2025. Meanwhile, POSCO has frozen stainless steel prices to counter rising imports and stabilize its domestic market.
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4 days agoBitumenBase OilFuel Oil

Petrochemicals Set to Dominate Oil Demand Growth by 2030, Says IEA

Crude oil prices dipped marginally as global sentiment remains cautious. However, demand from petrochemicals is poised to become the largest growth segment for oil through 2030, driven by rising use of plastics and synthetic materials. China and the US lead in feedstock capacity, shaping trade flows and refining economics.
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4 days agoHDPELDPELLDPE

China Polyethylene Market Stable Amid Cautious Demand and Improving Production Margins

Polyethylene prices remained stable in East China during early July, supported by improving ethylene margins and slight production disruptions in LDPE. Indian producers raised domestic prices modestly, while global supply adjustments continue. However, downstream demand remains subdued, and the market awaits clearer cues from packaging, agriculture, and macroeconomic trends in H2 July.
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5 days agoZinc Ingots

Zinc Market Steady Amid Demand Uncertainty and Tightening Global Supply

Zinc prices slipped marginally by 0.06% to ₹259.85 amid weak demand and a slight inventory build-up. Chinese buyers remain cautious, only purchasing for immediate needs due to sluggish manufacturing output. Factory growth in China hit a six-month low, keeping market sentiment subdued. However, retail sales data offered a glimmer of hope for downstream demand.
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5 days ago

Muted Pharma, Alumina Demand Weighs on Caustic Soda Market; Prices Decline

Caustic Soda Flakes and Lye prices dropped ₹2/kg due to subdued demand from key sectors like pharmaceuticals and aluminium. New supply from Sreyas Industries is adding pressure to an already oversupplied market. While demand from textiles and paper remains stable, the overall market sentiment is bearish with price pressure likely to persist.
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5 days agoPrimary TMTSecondary TMT

Steel Prices Slide Further Amid Weak Demand and Stable Supply

Steel prices have declined across Mumbai, Delhi NCR, and Vizag due to continued demand weakness and stable inventory levels. Distributors are offering competitive rates to stimulate buying. Meanwhile, Tata Steel faces a GST-related tax demand, although the company maintains there’s no merit in the allegation and plans to contest it.
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8 days agoPPCPPPHP

India Stable as European PP Prices Dip on Weak Demand, Oversupply

Polypropylene (PP) markets in both Europe and India remain subdued. Despite crude oil strength, oversupply and poor downstream demand are capping prices. European spot and contract rates are stagnant, while Indian PP prices vary by grade. Market players are adopting a wait-and-watch approach ahead of July’s propylene settlement.
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