PolymerTuesday, 9 June 2026·India
Indian Producers Raise PP Prices Again; PE Prices Remain Unchanged
India's domestic polypropylene (PP) market has witnessed another round of price increases, as major producers announced fresh hikes effective June 6. This marks the fourth PP price revision since early May, highlighting producers' continued efforts to strengthen margins amid firm local market conditions.
The latest adjustments saw selected PP grades increase by up to INR4,000/ton ($42/ton). Transparent PP, film, and fibre grades recorded the highest rise, while raffia and injection moulding grades moved up by INR3,000/ton ($31/ton). In contrast, polyethylene (PE) prices were rolled over without any changes.
PP Continues Upward Trend
Since May, domestic PP producers have implemented multiple consecutive price increases, gradually pushing local levels higher. The latest revision is the second increase announced in June alone and reflects producers' confidence in maintaining pricing discipline despite cautious buying activity.
Market participants noted that the strongest impact is being felt in packaging and textile-related segments, where several key PP grades have seen substantial cumulative increases over the past month.
India Moves Against Regional Trend
The domestic market is moving in the opposite direction to several Asian import markets, where PP prices have been facing pressure from weak demand and softer buying interest.
Indian producers have largely maintained pricing power through careful inventory management and balanced supply availability. By preventing excess material from building up in the market, suppliers have been able to support domestic prices even as regional markets remain under pressure.
Buyers Remain Cautious
Converters continue to purchase mainly according to immediate requirements rather than committing to large forward volumes. While buyers are resisting aggressive stocking, rising domestic prices are increasing cost pressure across the downstream sector.
The arrival of the southwest monsoon is also adding uncertainty to market sentiment. Although seasonal rains often slow activity in certain industries, demand from industrial packaging applications has remained relatively stable so far.
Outlook
With PP prices rising for the fourth time since May and PE prices holding steady, attention now turns to whether converters can absorb higher raw material costs in the coming weeks. Market participants expect buyers to remain cautious, but continued supply discipline could keep domestic PP prices supported through June.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
The latest adjustments saw selected PP grades increase by up to INR4,000/ton ($42/ton). Transparent PP, film, and fibre grades recorded the highest rise, while raffia and injection moulding grades moved up by INR3,000/ton ($31/ton). In contrast, polyethylene (PE) prices were rolled over without any changes.
PP Continues Upward Trend
Since May, domestic PP producers have implemented multiple consecutive price increases, gradually pushing local levels higher. The latest revision is the second increase announced in June alone and reflects producers' confidence in maintaining pricing discipline despite cautious buying activity.
Market participants noted that the strongest impact is being felt in packaging and textile-related segments, where several key PP grades have seen substantial cumulative increases over the past month.
India Moves Against Regional Trend
The domestic market is moving in the opposite direction to several Asian import markets, where PP prices have been facing pressure from weak demand and softer buying interest.
Indian producers have largely maintained pricing power through careful inventory management and balanced supply availability. By preventing excess material from building up in the market, suppliers have been able to support domestic prices even as regional markets remain under pressure.
Buyers Remain Cautious
Converters continue to purchase mainly according to immediate requirements rather than committing to large forward volumes. While buyers are resisting aggressive stocking, rising domestic prices are increasing cost pressure across the downstream sector.
The arrival of the southwest monsoon is also adding uncertainty to market sentiment. Although seasonal rains often slow activity in certain industries, demand from industrial packaging applications has remained relatively stable so far.
Outlook
With PP prices rising for the fourth time since May and PE prices holding steady, attention now turns to whether converters can absorb higher raw material costs in the coming weeks. Market participants expect buyers to remain cautious, but continued supply discipline could keep domestic PP prices supported through June.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
