Electrical Utilities
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3 days agoPET
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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4 days agoPrimary TMTSecondary TMT
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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4 days agoZinc Ingots
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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5 days agoMS AngleMS BeamMS Channel
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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5 days agoHDPELDPELLDPE
Polyethylene Market Balanced Between Weak Costs and Rising Demand
In the Chinese PE market, LLDPE averaged $1,041/ton on August 20 and $1,043/ton on August 27, marking a slight increase of 0.25%. LDPE prices also inched higher, averaging $1,346/ton on August 20 and $1,349/ton on August 27, reflecting a 0.17% rise. Meanwhile, HDPE remained stable throughout the period, holding firm at $1,120/ton.
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7 days agoSS Cold Rolled CoilsSS Hot Rolled Coils
Indian Stainless Steel Trends: 300 Series Stable, 200 Series Firm
Indian stainless steel prices held steady with the 300 series showing stability, while 200 series demand remained upbeat on tight imports. The 400 series also stayed firm with rising demand. Scrap purchase costs supported current levels, and No.4 PVC finish demand continued to strengthen across both 200 and 300 series.
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9 days agoMS FlatsHot Rolled PlatesMS Hot Rolled Coils
ArcelorMittal Raises HRC Offers Amid Import Pressure, Demand Uncertainty in European Market
ArcelorMittal raised HRC offers to €610/ton EXW for Q4 2025, widening the gap with cheaper imports at €490/ton CFR. Demand remains subdued despite seasonal recovery hopes, while supply challenges persist. Upcoming CBAM rules and possible quota cuts may shift buying behavior, supporting EU mills’ pricing power later in 2025.
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10 days agoHot Rolled PlatesMS Hot Rolled CoilsMS Flats
India’s Coated Flat Steel Prices Steady; Demand Recovery Seen Post-Festive Season
Flat steel prices remained steady across Indian markets, with traders expecting demand revival post-September. Coated steel stayed firm but lacked traction. Market sentiment is cautiously optimistic ahead of the festive season and infrastructure recovery.
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12 days agoPPHPPPCP
China PP Market Stagnant Amid Supply Pressure and Weak Demand
Polypropylene (PP) prices stayed stable in Asian markets but weakened domestically with a 1% decline in August. Falling crude and propane costs reduced support, while higher output and inventories added pressure. Demand stayed sluggish amid seasonal lows and cautious buying. Experts expect a stagnant market in the near term.
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