Chemical Updates

Asian PP: Thin trading as buyers on sidelines / CFR Far East Asia raffia steady at $1,105/mt / Southeast Asia offer prices rise / Downstream demand slow

Aug 29, 2026

Trading was thin in the Asian polypropylene markets in the week to Aug. 26. CFR Far East Asia raffia and injection grade polypropylene stable day over day and week over week at $1,105/ metric ton. In China, prices fluctuated within a narrow range across the week, taking cues from upstream crude oil movements. domestic Chinese raffia down 50 yuan/mt day over day and stable week over week at 9,150 yuan/mt ex-works China Aug. 26. In Southeast Asia, market sources reported higher Chinese offers at about $1,210-$1,220/mt CFR Indonesia and $1,185- $1,250/mt CFR Vietnam for China-origin PP raffia and injection grades. However, traders said sentiment remained weak, with buyers resisting any further price uptick. “Offer prices are high due to the earlier crude oil uptick, but buyers are expecting prices to...

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