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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TMT Bar Prices Dip Further as Demand Weakens and Trade Uncertainty Grows
Primary TMT bar prices have softened across major markets like Mumbai, Delhi NCR, and Vizag, reflecting declining demand and cautious buying behaviour. Despite healthy supply conditions, the market remains sluggish, prompting distributors to cut prices. While production at large firms like JSW Steel remains strong, the near-term market outlook is subdued, with further price corrections possible if demand doesn’t pick up.
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China PP prices rangebound amid balanced supply-demand & new capacity pressure
The Chinese polypropylene market continued consolidating in May 2025, with wire-drawing grade PP prices dipping 1.18% to $1,030/ton. Stable production, high inventories, and off-season demand weighed on prices. Despite slight export improvements and tariff optimism, buyers remain cautious amid macroeconomic uncertainty and incoming capacity expansions expected to pressure the market further.
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Flat Steel Prices Hold Steady Amid Weak Demand, Import Concerns Loom Large
Flat steel prices in India remained largely unchanged across key regions, with hot-rolled coil (HRC), cold-rolled coil (CRC), and plate prices showing minimal day-on-day movement. Weak demand from auto, infra, and construction sectors continues to weigh on the market, compounded by weather-related delays. Pressure from low-cost Chinese imports has raised the likelihood of anti-dumping measures.
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Stainless Steel Market Update: Prices Hold Steady, Demand Grows in 200 and 400 Series
Stainless steel prices in India remain steady across grades with slight upward movements in 316L. The market is witnessing strong demand in the 200 and 400 series, driven by limited imports and infrastructure push. Domestic consumption has surged 84% over five years, reaching 4.8 million tonnes in FY25. While 300 series demand is lukewarm, No.4 PVC finishes continue to gain traction. Experts expect continued momentum in 200 and 400 series amid stable to strong price trends.
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China ABS Market Sees Volatile May Amid Supply Pressure and Export-Driven Mid-Month Rebound
Indian ABS prices varied across brands and cities, reflecting regional differences. China’s ABS market saw initial declines followed by recovery, driven by supply adjustments and improved trade relations with the U.S. Overall, the ABS market is expected to remain stable or slightly weaker in the near term amid balanced demand and supply conditions.
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India's PVC Market Set for Structural Shift Amid Rising Domestic Output, Policy Interventions
PVC K67 prices in Mundra range from ₹64,500 to ₹68,750/MT, with Chinese SG5 grades leading on price. Despite strong 10% YoY demand growth, oversupply and Chinese dumping have pressured international prices, now 25% lower than FY 2022–23. India’s PVC market is poised for structural change, with BIS certification and anti-dumping duties kicking in by mid-2025.
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Zinc Market Holds Firm Amid Weak Chinese Demand, Supply Uncertainty
Zinc prices showed mixed movement across global exchanges. LME zinc edged higher on rising geopolitical risks and weak US job data, while SHFE zinc declined due to softening domestic demand and higher inventories. With China’s PMI weakening and global trade tensions escalating, demand remains under pressure. However, tightening global supply and low LME inventory levels are helping to cap further downside.
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Chinese PE Market Faces Margin Pressure Amid Stable Demand and Diverging Inventory Trends
In the first week of June 2025, polyethylene (PE) product prices remained largely stable across LDPE, LLDPE, and HDPE categories. Downstream demand from agricultural and packaging films remained supportive, but segments like raffia and injection moulding showed weaker activity. HDPE supply constraints continue due to maintenance shutdowns. Market sentiment suggests limited price upside without stronger demand or feedstock cost increases.
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HDPE Market Holds Ground Amid Supply Disruptions and Weak Buying Sentiment
HDPE prices across Asian markets remained mostly unchanged this week. In India, subdued demand and limited spot imports kept the market quiet, with expectations of better domestic supply from upcoming plant restarts. With monsoon season approaching and Eid holidays nearing in the Middle East, market sentiment remains cautious and volumes tight.
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