Power Generation & Transmission
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Daily Market Report
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Anti-Dumping Probe and Import Reliance Shape India’s PVC Paste Resin Market
PVC K67 prices in India remain stable at ₹68,500–69,500/MT across top brands. The market continues to rely heavily on imports amid pending anti-dumping duty (ADD) decisions. Market uncertainty persists, with ADD ruling likely to impact cost structure ahead.
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Stainless Steel Prices Stay High as Currency and Trade Policies Shape Market Trends
Stainless steel prices remain firm as demand patterns shift. The 200 series continues to see strong domestic demand due to import shortages, while the 300 and 400 series show gradual improvement. China’s stainless steel imports dropped by 29.3% YoY, while exports went up. Experts anticipate price firmness across all series, with the USD exchange rate and regulatory factors playing key roles.
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India’s Stainless Steel Market Sees Rising Demand Across All Series
Stainless steel prices remain firm, with the 200 series seeing rising demand due to limited imports. Taiwan’s stainless steel prices are set for a sharp April increase following Indonesia Tsingshan’s price hike. Meanwhile, copper prices approach record highs due to U.S. trade concerns. Experts anticipate price firmness across all stainless steel series due to market and regulatory factors.
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PET Resin Prices Under Pressure Amid Weak Demand and Oversupply Concerns
PET resin prices in India have softened due to global oversupply, weak raw material costs, and sluggish downstream demand. New production capacity, high inventory levels, and low order flow continue to weigh on the market. Experts foresee limited upside in the near term without a significant rebound in demand.
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China's ABS Market Strengthens Ahead of Spring Festival on Supply Tightening and Cost Support
ABS prices remain stable across various locations, with LOTTE's SD-0150 (Black) priced at ₹158,000/MT. Domestic ABS demand in China is rising ahead of the Spring Festival despite a slight decrease in production rates. ABS market stability is expected, with ongoing interest from household appliance sectors.
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Stainless Steel Market Shows Mixed Trends, 200 Series Demand Remains Strong
Stainless steel prices remain mixed in India as 200 series demand surges amid an import shortage. 300 series prices may rise due to a strong USD, while 400 series remains firm on BIS-related issues.
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Aluminium Prices Open Lower; India Imposes Anti-Dumping Duties on Aluminium Imports
Aluminium prices opened lower on LME, SHFE, and MCX, reflecting minor corrections. China’s February output dropped month-on-month but grew year-on-year. India imposed anti-dumping duties on aluminium foil and other products to curb cheap imports from China. Global primary aluminium production increased 2.7% in January, signalling a stable supply outlook.
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US Antidumping Case on Chinese and Vietnamese Polypropylene Imports
Polypropylene prices in India remain varied across regions, with rates ranging from ₹96,000 to ₹1,03,000/MT. Globally, the U.S. PP market faces pressure from a surge in low-cost imports from China and Vietnam. Ongoing plant shutdowns and antidumping investigations are expected to impact global supply chains and influence short-term pricing.
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Primary TMT Prices Continue to Rise, Distributors Expect Further Hikes
Primary TMT prices have seen a sharp increase in March 2025, with rates in Mumbai and Delhi NCR at Rs. 56,000-56,500/mt, while Vizag stands lower at Rs. 53,500-54,000/mt. Distributors have raised prices due to ongoing supply constraints, and further hikes are expected.
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