Asian PP Market: Weekly Prices & Trends

Asia PP: Stable to weak amid slow demand / PDH operating rates expected to trend higher for the rest of Aug / Traditional weak season

Jun 13, 2026

The Asian polypropylene market was stable to weak in the week to Aug. 20 on weak demand. There were no Chinese spot imports, as traders said imported Chinese cargoes were under contracts and re-exported due to weak demand. China remains domestically sufficient in homopolymers, said traders. The average run rate at China's propane dehydrogenation plants is expected to rise further in the remainder of August from the mid-August level of around 73%, supported by slightly improving margins and scheduled startups, analysts said Aug. 19. Sources said demand was still weak in the traditional offseason. They also said PP was in a prolonged downcycle, with global demand unlikely to exceed supply until 2028. Some capacity rationalizations in Japan will also reduce PP production, but will not help mitigate excess supply much....

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