South Asian PP: Prices nearly flat amid stalemate between buyers, sellers / Converters prioritizing offloading finished goods inventory / Market divided on near-term prices, awaiting China reopening

Oct 12, 2026

South Asian polypropylene prices were mostly flat in the week to Oct. 7 amid a stalemate between buyers and sellers, as persistently high prices for the molecule dented buyers' appetite, while sellers remained unwilling to reduce offers, with upstream costs remaining at higher levels, market participants said. PP raffia/injection grade down $5/metric ton week over week at $1,375/mt CFR South Asia on Oct. 7, below the lowest offer heard and corroborated at $1,380/mt CFR South Asia, and within tradable indications heard at $1,360- $1,380/mt CFR South Asia. Separately, an offer heard at $1,350/mt and a tradable indication heard at the same level were not considered, as they could not be corroborated with the wider market. Prices of other grades were also assessed unchanged week over week. polypropylene film grade at...

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