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South Asian PP: Prices fall; slow buying interest persists  / End users prefer rationalizing existing stock over buying fresh  / Profitability of Middle East producers hit by competitive offers

South Asian PP: Prices fall; slow buying interest persists / End users prefer rationalizing existing stock over buying fresh / Profitability of Middle East producers hit by competitive offers

Jun 09, 2026

South Asian polypropylene prices fell further in the week ended Sept. 10 as stock buildup with end-users, US import tariffsled canceled exports, and changes in the indirect tax structure in India kept buyers risk-averse, while heavy rainfall across South Asia weighed on demand. PP raffia/injection grade down $15/mt from the last assessment at $870/mt CFR South Asia Sept. 10, in line with deals heard and corroborated at $870/mt CFR South Asia, below the lowest offer heard and corroborated at $880/ mt, and above the most competitive bid heard at $850/mt. The assessment was also within tradable indications heard at $860-$875/mt. Market participants said that buy-side inquiries continued to remain low due to inventory buildup with end-users. "In the current situation, end users are preferring to rationalize their existing stock instead...

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