This week, PP prices in Asia moved higher across most assessed grades and basis points, with Far East Asia and South Asia recording broad-based gains, while a few South Asian country level assessments held steady from the previous week.
An industry source in Asia, on condition of anonymity, informed a Polymerupdate team member, "PP prices moved higher during the week, supported by stronger upstream energy markets and firmer propylene feedstock costs amid ongoing geopolitical tensions. Market sentiment improved significantly from the previous week, with suppliers withdrawing earlier offers and gradually increasing prices in anticipation of higher replacement costs. Expectations of further price gains encouraged some buyers to advance purchases during the early part of the week. Additional support came from a week-on-week increase in PP futures on the Dalian Commodity Exchange (DCE). However, overall buying activity remained cautious, as market participants continued to closely monitor geopolitical developments and the prevailing market uncertainty.”
In Far East Asia, PP block copolymer grade prices were assessed at USD 990-1050/mt CFR levels, rising, USD (+30/mt) week on week. BOPP grade prices were assessed at USD 980-1040/mt CFR levels, moving higher, USD (+30/mt) from the previous week. PP film grade prices were assessed at USD 980-1050/mt CFR levels, gaining, USD (+30/mt) week on week. PP injection grade and PP raffia grade prices were assessed at USD 960-1030/mt CFR levels, firming, USD (+30/mt) compared to the prior week.
In South East Asia, PP block copolymer grade prices were assessed at USD 1030-1120/mt CFR levels, edging higher, USD (+10/+20/mt) week on week. BOPP grade prices were assessed at USD 1020-1080/mt CFR levels, moving higher, USD (+10/+20/mt) from the previous week. PP film grade prices were assessed at USD 1020-1100/mt CFR levels, gaining, USD (+10/+20/mt) week on week. PP injection grade and PP raffia grade prices were assessed at USD 1000-1060/mt CFR levels, firming, USD (+10/+20/mt) compared to the prior week.
In South Asia, price movement was mixed across countries, with Bangladesh, India and Pakistan posting mostly modest gains while Sri Lanka held steady across all assessed grades.
In India, PP block copolymer grade prices were assessed at USD 1100-1160/mt CFR levels, gaining, USD (+20/+10/mt) week on week. BOPP grade prices were assessed at USD 1090-1140/mt CFR levels, firming, USD (+20/+10/mt) week on week. PP film grade prices were assessed at USD 1100-1140/mt CFR levels, rising, USD (+20/+10/mt) compared to the prior week. PP injection grade and PP raffia grade prices were assessed at USD 1080-1110/mt CFR levels, moving higher, USD (+20/+10/mt) week on week. Buyers are awaiting clarity on the customs duty exemption for around 40 critical petrochemical products, which has been extended until July 15, 2026. This uncertainty may have kept some market participants on the sidelines.
In Pakistan, PP block copolymer grade prices were assessed at USD 1110-1200/mt levels, rising, USD (+10/mt) week on week. BOPP grade and PP film grade prices were assessed at USD 1080-1170/mt CFR Pakistan levels, edging higher, USD (+10/mt) week on week. PP injection grade and PP raffia grade prices were assessed at USD 1050-1130/mt CFR Pakistan levels, gaining, USD (+10/mt) compared to the previous week.
In Sri Lanka, PP block copolymer grade prices were assessed at USD 1180-1260/mt CFR levels, rolled over from the previous week. BOPP grade and PP film grade prices were assessed at USD 1150-1200/mt CFR levels, held steady from the previous week. PP injection grade and PP raffia grade prices were assessed at USD 1100-1160/mt CFR levels, maintaining previous levels over the week.
In Bangladesh, PP block copolymer grade prices were assessed at USD 1130-1200/mt CFR levels, rising, USD (+10/mt) week on week. BOPP grade and PP film grade prices were assessed at USD 1070-1150/mt CFR levels, edging higher, USD (+10/mt) week on week. PP injection grade and PP raffia grade prices were assessed at USD 1050-1120/mt CFR levels, moving higher, USD (+10/mt) compared to the previous week.
Propylene feedstock values firmed notably during the week, appearing to lend cost support to PP assessments. Propylene prices were assessed at USD 965-975/mt CFR China levels, rising, USD (+65/mt) week on week. Propylene prices were assessed at USD 925-935/mt FOB Korea levels, moving higher, USD (+60/mt) compared to the prior week.
This news synopsis and insights are generated using Polymerupdate’s advanced Artificial Intelligence (AI) systems, leveraging proprietary data, pricing benchmarks, and domain expertise. The content is intended for informational purposes only and does not represent the official views of Polymerupdate. Users are advised to conduct their own independent research before making any commercial or business decisions.
