Chemicals Updates

South Asian PP: Prices fall with reduced offers from China / Raffia-BOPP spread remains narrow / Raffia-COPOL spread stays wide amid tight availability

May 20, 2026

The South Asian polypropylene price fell in the week ending May 13 amid lower offers heard from China. PP raffia/injectiongrade at $1,345/metric ton CFR South Asia May 13, down $25 week over week, below the lowest offer heard and corroborated at $1,350/mt, and considering tradable indications heard at $1,300-$1,350/mt CFR South Asia. Separately, the assessment did not consider offers heard at $1,150/mt, $1,300/mt, and $1,330/mt as it could not be corroborated in the wider market. Offers heard in the $1,270- 1,290/mt range were not considered, as they also couldn't be corroborated with the wider market. "Traders want to liquidate the material; they want to sell and sit aside," said a trader based in India. The source said the sellside is showing ease and flexibility in selling, but the buy-side is...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.