U.S. benchmark and international crude benchmarks both fell as investors took profits following prior gains on the announcement of sweeping new U.S. sanctions targeting Iran. The 'Operation Economic Outcast' campaign imposes global sanctions with no exemption for China, creating uncertainty around Iranian oil flows. Prices remain volatile as markets assess whether the sanctions will successfully isolate Iran's energy sector or be circumvented.
Crude oil futures firmed amid firm spot demand, with both major global benchmarks edging higher in trade. Increased positioning by market participants reflected continued underlying demand support.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Polypropylene (PP) | China | FOB | USD 1,274.21/MT | July 2026 |
| Polypropylene (PP) | USA | CIF | USD 1,461.00/MT | July 2026 |
| Polypropylene (PP) | Germany | CIF | USD 1,408.00/MT | July 2026 |
| Polypropylene (PP) | India | CIF | USD 1,381.00/MT | July 2026 |
| Polypropylene (PP) | Japan | CIF | USD 1,307.00/MT | July 2026 |
| Polypropylene (PP) | China | FOB | USD 1,433.83/MT | June 2026 |
| Polypropylene (PP) | USA | CIF | USD 1,588.83/MT | June 2026 |
| Polypropylene (PP) | Germany | CIF | USD 1,554.83/MT | June 2026 |
| Polypropylene (PP) | India | CIF | USD 1,521.83/MT | June 2026 |
| Polypropylene (PP) | Japan | CIF | USD 1,466.83/MT | June 2026 |
Stay updated with the latest Polypropylene (PP) prices, historical data, and tailored regional analysis
Asia
In China, the prices of Polypropylene (PP) were ~USD 1,431.68/MT in April and ~USD 1,434.00/MT, respectively, in the first and last month of the second quarter of 2026. The Asian market started Q2 with tight supply conditions as maintenance activities reduced PP availability and limited production. China’s reduced operating rates during April supported prices, while Middle East supply disruptions encouraged buyers in South and Southeast Asia to seek alternative resin sources. China also became a key supplier to regional markets as export flows increased. Conditions eased later as plants restarted, supply availability improved and downstream buyers remained cautious. Lower seasonal demand from converters limited further price increases and shifted the market toward a more balanced position.
Europe
In Germany, the prices of Polypropylene (PP) were ~USD 1,557.67/MT in April and ~USD 1,555.00/MT in June, showing a marginal decrease. European PP markets remained supported during Q2 due to reduced imports, higher feedstock costs and supply disruptions linked to Middle Eastern trade restrictions. Regional producers increased operating rates as import availability tightened, improving local supply conditions. However, long-term competitiveness remained challenging, with LyondellBasell announcing the closure of its Brindisi, Italy PP production unit with 260,000 tonnes/year capacity due to feedstock uncertainty, high operating costs and logistics pressure.
North America
In the United States, the prices of Polypropylene (PP) were ~USD 1,518.67/MT in April and ~USD 1,589.00/MT in June, showing a ~4.6% increase. North American producers benefited from stronger export opportunities during global supply disruptions and increased operating rates. Propylene availability improved as PDH operations remained strong, reducing production-cost pressure during May. However, late June supply concerns returned after Heartland Polymers shut its 525,000 tonnes/year PP plant in Canada, providing support to regional pricing.
Analyst Insight
According to Procurement Resource, in the near term, in the near term, Polypropylene (PP) prices are expected to remain influenced by regional supply availability, propylene costs and recovery in downstream demand.
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Asia
In Asia, PP prices rose strongly during Q1’26 due to higher propylene and crude-linked feedstock costs. China prices increased from ~USD 941.74/MT in January to ~USD 1,264.12/MT in March, showing a ~34.23% rise. India prices moved from ~USD 1,050.41/MT to ~USD 1,319.00/MT, up ~25.57%. Japan followed the same trend, rising from ~USD 983.92/MT to ~USD 1,300.00/MT, a ~32.13% increase. The Strait of Hormuz closure affected Middle East polymer and feedstock cargo movement into Asia, lifting import replacement costs. Demand from packaging, raffia, films, and injection-molded goods supported firm buying.
Europe
In Europe, PP prices increased during Q1’26 as feedstock and logistics costs strengthened. Germany prices rose from ~USD 1,063.38/MT in January to ~USD 1,346.00/MT in March, recording a ~26.58% increase. The rise was mainly driven by higher crude, naphtha, and propylene cost pressure after the Iran war disrupted energy trade routes. Downstream demand from packaging, automotive parts, and consumer goods remained steady, allowing producers to pass on higher costs.
North America
In North America, PP prices also moved upward in Q1’26. USA prices increased from ~USD 1,027.12/MT in January to ~USD 1,351.00/MT in March, reflecting a ~31.53% rise. Feedstock pressure from crude, propane, and propylene supported the increase, while higher global freight costs lifted replacement values. Demand from packaging, injection molding, and industrial applications remained firm.
Polypropylene or PP is basically a thermoplastic polymer that is utilised in a wide variety of applications. It is prepared via chain-growth polymerisation from the monomer propylene. Polypropylene belongs to the group of polyolefins and is partially crystalline as well as non-polar. Its characteristics are similar to that of polyethylene, but it is slightly harder and more heat resistant.
Packaging, Engineering plastic, Plastic parts
Polypropene, 9003-07-0, Polipropene 25 [USAN], Propene polymers, Propylene polymers
LyondellBasell Industries Holdings B.V., SABIC, Exxon Mobil Corporation, DuPont de Nemours, Inc., INEOS Capital Limited., Total S.A., Formosa Plastics Corporation, LG Chem Ltd., Sumitomo Chemical Co., Ltd., Eastman Chemical Company, BASF SE, Braschem S.A., Borealis AG, PetroChina Company Limited, Reliance Industries Limited, Sasol Limited, Sinopec Zhenhai Refining & Chemical Co.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In the gas phase polymerisation process, propene is passed over heterogeneous catalyst particles to finally produce polymer in a powdered form, which is further transformend into pellets.
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The report is the study of economics of polypropylene production by bulk polymerization method.
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