buyers cautious / Production costs exceed selling prices / Southeast Asia buyers wait post-holidays

Oct 03, 2026

Asian polypropylene prices moved in mixed directions during the week ended Sept. 30. domestic Chinese raffia-grade polypropylene at 10,000 yuan/metric ton ex-works China, up 150 yuan/mt week over week. Prices continued to rise on cost-based support as domestic propylene prices edged higher. assessed propylene poly grade, at 9,700 yuan/mt in both East China and Shandong, up 200 yuan/mt and 250 yuan/mt, respectively, week over week. “The selling price of PP is not sufficient to cover production costs,” a China-based trader said. As a result, some suppliers had reduced PP production, redirecting more sales to the feedstock, propylene, instead, due to higher margins. On the demand side, several China-based traders and analysts reported strong restocking activity at the start of the week ahead of the week- long Chinese National Day from...

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