Electrical Utilities
Nexizo is your one-stop platform for all electrical goods news, electrical product prices, and government tenders for the procurement of wires and other similar...
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Daily Market Report
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Zinc Futures Steady Near $2,950; MCX Gains on Industrial Demand
Zinc futures traded firm across LME ($2,956/mt), SHFE (¥22,310/mt), and MCX (₹283.65/kg) as low inventories and strong industrial demand supported prices. MCX contracts found key support near ₹281, with upside resistance at ₹285.5. Global sentiment stayed positive despite U.S. tariff concerns and a softer dollar.
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Secondary Channel Prices Firm on Post-Monsoon Demand; Primary Mills Steady
Primary 100×50 channel prices remain steady at ₹50,200-₹54,200/ton, while secondary markets strengthen on post-monsoon construction activity. Tightening stocks and rising fabrication demand in central and eastern India suggest a ₹200-₹400/ton uptick soon. Primary mills may trim prices slightly if secondary momentum cools before mid-September.
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TMT Prices Steady Amid Monsoon-Driven Weak Demand
Steel prices across Mumbai, Delhi NCR, and Vizag remain stable as distributors manage inventories amid weak seasonal demand. Shree TMT achieved recognition as one of India’s top 10 steel bar manufacturers, reinforcing its leadership in quality and innovation. Market sentiment stays cautious, with subdued buying and limited scope for further price cuts.
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Indian Polymer Market Mixed: PET, PVC Up; PE, PP Soft
Indian polymer markets showed mixed trends in September 2025. PET and PVC prices rose on strong packaging and construction demand, while PE and PP weakened due to subdued consumption in packaging, automotive, and textiles. Crude oil volatility remains a key factor shaping short-term price movement across polymer grades.
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Stainless Steel Market Update: 304, 316L, and 201 Prices Hold Firm Across Delhi
Stainless steel prices remain mixed across grades. 304 CR wider trades at ₹196–200/kg, while 316L HR stands at ₹350/kg. Demand is weak in the 300 series but firm in the 200 and 400 series, supported by shortages and rising PVC No.4 material demand. JSL has announced fresh price hikes.
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China PET Bottle Chip Market Stabilizes with Modest Rebound Amid Supply Cuts and Cost Support
PET bottle chip prices in China witnessed weak performance in early to mid-August, pressured by subdued market sentiment. By August 28th, average selling prices stood at USD 840/ton.
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TMT Prices Steady Amid Weak Demand, Monsoon Impact
Steel prices across regions remained largely stable amid weak seasonal demand and consistent distributor inventory. The Essar Steel insolvency case resurfaced in NCLT, raising compliance concerns over ArcelorMittal-linked transactions. While manufacturers hold back on major revisions, market sentiment reflects subdued demand, restrained purchasing activity, and cautious supply management.
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Zinc Prices Lifted by Strong Demand, Tight Supply
Zinc prices firmed across global exchanges, supported by falling LME inventories and stronger Chinese demand. While ILZSG projects a surplus of ~93,000 t in 2025, short-term sentiment remains bullish. Russian mine delays and tight concentrate supply may cushion against downside, keeping MCX zinc in upward momentum near-term.
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Cautious Demand in Primary Market, Fabrication Picks Up in Secondary
Procurement in the primary market remains largely need-based, with stockists clearing older inventories and subcontractors showing resistance due to tight budgets. ISMB demand stays firm, driven by metro and highway projects. In the secondary market, fabrication activity has improved post-monsoon in central and eastern states, with Raipur–Raigarh mills running at 70–75% capacity. However, availability remains limited for ISMC 100 and smaller angles.
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