Railways
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Daily Market Report
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EVA Market Steady Amid Pre-Holiday Demand and Stable Raw Material Costs
The EVA market is expected to remain stable in the near term, with minimal price fluctuations. Raw material prices will provide cost support, and reduced production rates will keep supply balanced. However, the Spring Festival may lead to subdued demand and slower trading activity. Overall, the EVA spot market is forecasted to remain stable with narrow price fluctuations.
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MCX Aluminium Prices Dip Amid Rising Global Supply and Tariff Threats
Aluminium prices on MCX fell by 1.06%, driven by increased global production and higher stock levels. China and Japan reported production and inventory surges, while the EU plans to include Russian aluminium in its sanctions package. Rising production costs in China are causing losses for the first time in three years. Experts forecast aluminium support at Rs 251.4 and resistance at Rs 254.
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Zinc Faces Losses: Trading Volumes Rise, Prices Drop
Zinc prices saw declines across major markets, with LME dropping by 1.68% and MCX by 1.6%. Trading volumes rose in LME and SHFE, but market volatility increased amid economic uncertainties and risk aversion. Zinc production in China rose, but the global deficit narrowed. The market faces pressure due to rising production and market uncertainty.
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Secondary Market Demand Pushes Structure Prices Up in Key Cities
Structure prices increased marginally in the secondary markets, with demand improving across regions. Secondary markets like Mandi, Raipur and Durgapur saw smaller hikes. Supply issues remain unresolved for heavy sections in the primary market. Meanwhile, Visakhapatnam Steel Plant avoided merging with SAIL and is focusing on full production by August.
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Stainless Steel Prices Hold Steady; Tariff Talks Impact Market Outlook
Stainless steel prices remain stable with slight variations across different series and materials. While the demand for 300 and 400 series shows gradual improvement, the 200 series experiences a surge due to a shortage of imported material. Globally, trade tensions, increased Chinese exports, and projected market growth for stainless steel products add to the market's dynamics.
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Structure Prices Stable; Primary Market Faces Limited Supply and Demand Fluctuations
Structure prices in the primary market this month have seen a minor increase of Rs 500/mt for SAIL, JSPL, and RINL. While secondary market prices remain stable, the primary market still faces supply shortages, despite improvements at SAIL's IISCO facility. Demand remains slow, with JSPL planning upgrades to its Raigarh mill to enhance steel production flexibility.
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Nickel and Copper Prices Dip; Stainless Steel Market Awaits Price Movement
Stainless steel prices show mixed trends with nickel and copper declining, while demand remains weak in some series. Prices for 304 CR and SS 316L are steady, while the 200 series sees increasing demand due to supply shortages. Taiwan’s mills may adjust prices post-Lunar New Year, and China’s oversupply continues to affect exports.
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Primary TMT Market Sees Rising Demand and Potential Price Hike
Primary TMT prices remain steady across Mumbai, Delhi NCR, and Vizag, with rising demand suggesting possible price hikes next month. Material shortages are expected to resolve soon. Meanwhile, Union Minister Nitin Gadkari criticized steel cartels for hampering infrastructure development and promotes fibre-reinforced plastic (FRP) as a cost-efficient alternative.
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Durgapur and Raipur Structure Prices Fall as Demand Stays Sluggish
Secondary structure markets experienced a slight decline in key regions like Raipur and Durgapur. Supply issues continue in the primary market, with heavy beams and angles still unavailable despite full operational capacity. Discounts are being offered to boost sluggish demand. Meanwhile, Andhra Pradesh announces a major Rs 1.4 lakh crore investment for a new steel plant by AM/NS.
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Daily Market Report
EVA Market Steady Amid Pre-Holiday Demand and Stable Raw Material Costs
The EVA market is expected to remain stable in the near term, with minimal price fluctuations. Raw material prices will provide cost support, and reduced production rates will keep supply balanced. However, the Spring Festival may lead to subdued demand and slower trading activity. Overall, the EVA spot market is forecasted to remain stable with narrow price fluctuations.
Read Story
MCX Aluminium Prices Dip Amid Rising Global Supply and Tariff Threats
Aluminium prices on MCX fell by 1.06%, driven by increased global production and higher stock levels. China and Japan reported production and inventory surges, while the EU plans to include Russian aluminium in its sanctions package. Rising production costs in China are causing losses for the first time in three years. Experts forecast aluminium support at Rs 251.4 and resistance at Rs 254.
Read Story
Zinc Faces Losses: Trading Volumes Rise, Prices Drop
Zinc prices saw declines across major markets, with LME dropping by 1.68% and MCX by 1.6%. Trading volumes rose in LME and SHFE, but market volatility increased amid economic uncertainties and risk aversion. Zinc production in China rose, but the global deficit narrowed. The market faces pressure due to rising production and market uncertainty.
Read Story
Railway Industry Bytes: Top Stories at a Glance
Current Railway Industry Product Prices
Mild Steel
Stainless Steel
Non Ferrous
Polymers
Pipes
Latest Railway Tenders You Can Bid On
Railways FAQ
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