Asia
In the first half of 2025, the price trend for Propylene (Polymer Grade) in Asia showed a mixed performance. Prices moved upward during early January due to tight supply from South Korea and increased crude oil costs, which raised production costs. However, this upward momentum was short-lived. As the Lunar New Year approached in February, demand from downstream industries like polypropylene and polyester weakened significantly, leading to reduced operating rates.
The market also experienced improved freight conditions and balanced export volumes, further softening prices. In March, sluggish demand and cautious procurement strategies continued to keep the market bearish, despite some supply adjustments. Overall, demand stayed below expectations, and market sentiment remained weak across the region.
Europe
In Europe, Propylene (Polymer Grade) prices saw a steady increase throughout the first half of 2025, driven more by supply constraints than strong demand. Production disruptions, both planned and unplanned, alongside logistical hurdles like port congestion and shipping diversions, tightened availability. These factors supported the upward movement in prices even though downstream sectors such as construction and automotive remained sluggish. Polypropylene demand stayed limited, with only the packaging industry offering stable support. Despite low utilization rates and reduced consumer confidence, the supply-side pressures kept prices on an upward trajectory. Inventory levels were consistently low, and cracker run rates remained suppressed, sustaining the bullish tone of the market.
North America
In North America, the market for Propylene (Polymer Grade) showed a two-phase trend. Prices rose in January as global demand increased before the Lunar New Year, while domestic supply was tight. However, this early strength faded in February as crude oil prices dropped and production costs declined. By March, the market remained under pressure from weak downstream demand and uncertainties around trade policies. Buyers remained cautious, and sectors such as textiles and polyester showed minimal interest in bulk purchases. Despite some temporary support from polypropylene price increases, overall buyer sentiment remained muted.
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Asia
In the second half of 2024, the Propylene (Polymer Grade) market in Asia experienced varied trends influenced by regional supply and demand dynamics. During the third quarter, prices remained range-bound as downstream demand, especially from the polypropylene sector, stayed weak. This, combined with cautious buying and stable inventory levels, kept market activity subdued.
However, in the fourth quarter, supply-side factors began to influence the market. Planned maintenance activities at major production units in China and South Korea tightened supply, leading to a slight upward push in prices. In South Korea, increased demand from China supported higher offer prices. Meanwhile, the Indian market saw steady growth, driven by consistent demand from the downstream resin industry and positive momentum from infrastructure developments, which kept Propylene (Polymer Grade) prices on a modest upward path.
Europe
The Propylene (Polymer Grade) market in Europe showed a fluctuating pattern during H2’24. In Q3, prices remained mixed as weak downstream demand persisted, especially in the construction and polymer sectors. Despite this, limited import availability and reduced local output helped prevent significant price drops. Entering Q4, market conditions remained sluggish, although some seasonal inventory accumulation before the holidays provided minor support to prices. Overall, European market sentiment stayed cautious, and the industry operated in a low-demand environment with only slight price improvements in the final months of the year.
North America
In North America, Propylene (Polymer Grade) prices followed an unstable trend through the second half of 2024. During Q3, the market faced some disruptions due to hurricanes, causing temporary shutdowns in production. However, supply levels normalized shortly after. Throughout both quarters, low downstream demand and an oversupplied market kept prices under pressure. Although Q4 brought slight improvement in market confidence partly due to infrastructure investments and post-election optimism trading activity remained limited, and any price increases were marginal and short-lived.
Propylene is one of the oldest petrochemical feedstocks in the gas industry. Propylene (Polymer Grade) is primarily utilised in the production of cumene, propylene oxide and acrylic acid. The three grades of propylene include polymer, refinery and chemical, where polymer grade comes with a minimum purity of 99.5%.
Propylene is also one of the smallest stable unsaturated hydrocarbon molecules utilised in the gas industry. This grade nearly accounts for two-thirds of global propylene consumption and is further used to produce acrylonitrile (ACN).
C3H6
Polypropylene plastics, Injection mouldings and fibres, Manufacturing of cumene, Manufacturing of alcohols, Manufacturing of propylene oxide, Manufacturing of acrylic acid
1-propene, Methylethylene, Methylethene, Propylene, Propene
Chevron Phillips Chemical Company, Mangalore Refinery & Petrochemicals Ltd, Flint Hills Resources, LLC, Petkim Petrokimya Holding A.S, Rompetrol Rafinare SA (Company of The KMG International Group)
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.
During ethylene production, the Propylene (Polymer Grade) molecule is produced as a co-product during the steam cracking (steam pyrolysis) of hydrocarbon feedstocks. These hydrocarbon feedstocks include a wide range of products like ethane, naphtha and gas oils. Moreover, Propylene (Polymer Grade) can also be produced through petroleum refining process as a by-product.
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