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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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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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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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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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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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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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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Stainless Steel Market Outlook: 200 Series Strengthens, Flat Demand in 300 Series
Stainless steel prices remain steady across most grades, with the 200 series showing bullish momentum due to limited imports. While 300 series demand is subdued, select shortages are supporting price stability. Scrap procurement remains active, and long-term sector growth is driven by infrastructure and urbanization, as highlighted by ISSDA data.
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Polyethylene Prices Firm Amid Cost Push and Tight Supply, Demand Remains Subdued
Polyethylene prices rose moderately across Asia, led by LDPE amid tight supply and crude-driven cost pressure. However, weak demand from agricultural and pipe sectors capped the upside. Ongoing plant shutdowns globally, including in China, Egypt, and Israel, are reinforcing short-term supply tightness, keeping price sentiment steady despite soft downstream activity.
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Steel Prices Dip Pan-India Amid Demand Slump; BIS Order Sparks Input Concerns
Steel prices have declined across North, West, and South India, with Ex-Mumbai, Delhi NCR, and Vizag quoting lower rates amid sluggish demand. Distributors are maintaining ample inventories, ensuring smooth availability. Meanwhile, the Ministry of Steel’s abrupt BIS compliance order on inputs threatens disruption, especially for MSMEs and steel importers.
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