PP Price India Drops on Weak Demand

South Asian PP: Prices fall on poor demand; US tariffs on India dent sentiment / Domestic demand in India poor as monsoon persists / US import tariffs take effect in India, hits sentiment

Jun 12, 2026

South Asian polypropylene prices fell in the week ended Aug. 27 as market discussions turned more competitive week over week amid persistent poor demand and stock buildup. PP raffia/injection grade down $10/mt from the last assessment at $890/mt CFR South Asia Aug. 27, considering most tradable indications from buyers matched the lowest offer heard and corroborated at $890/mt CFR South Asia. The assessment was also above bids heard at $870/mt, and within tradable indications heard at $890-$900/mt. Market fundamentals remained impacted by a buildup in inventory among producers and buyers. The sentiment among PP buyers has been impacted by the implementation of another 25% penalty as part of the US import tariffs on India. “We have had to cancel or put on hold export orders of finished goods to the...

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