Asian Polypropylene: Prices surge on feedstock costs, upstream supply woes / Feedstock shortages drive PP costs upward / Chinese producers cut rates to 65% level / Indonesia eliminates import duties temporarily

Oct 17, 2026

Asian polypropylene prices surged during the week to Oct. 14, amid further feedstock cost pressures and rising upstream market prices. domestic Chinese raffia-grade polypropylene at 10,650 yuan/mt ex-works China, up 650 yuan/mt week over week. Prices rose to a record high on Oct. 12, based on assessments, before declining toward Oct. 14 due to poor buyer reception at those levels. Market participants in China reported that the price surge during the week followed upstream supply shortages of naphtha and propane. Domestic feedstock propylene prices edged higher, pushing PP prices upward as producers sought to protect their margins. polymer-grade propylene at 10,700 yuan/mt in both East China and Shandong, up 1,000 yuan/mt week over week. On the supply side, China-based traders reported higher inventory levels among Chinese PP producers, due to...

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