Propylene Prices March Higher in Asia
Propylene prices in Asia have experienced an upward trend, driven by stronger upstream energy values, tight supply, and higher costs. This increase has been observed despite the largely need-based buying across key Asian markets. Notably, FOB Korea prices were assessed at USD 1,155–1,165/mt, marking an increase of USD 30/mt, while CFR China prices also rose by USD 30/mt to USD 1,195–1,205/mt.
The rise in propylene prices has had a cascading effect on polypropylene (PP) prices in the region. In India, PP raffia and PP injection prices have increased to USD 1,300-1,340/mt, reflecting a spike of USD 30-40/mt from the previous week. This trend is consistent with the broader Asian market, where PP prices have shown mixed movements due to varying regional dynamics.
While propylene prices in Asia have risen, the global market presents a different picture. European and US propylene prices have declined amid weak demand, highlighting the regional disparities in the polymer market. As such, Indian buyers should be aware of these regional price fluctuations and adjust their procurement strategies accordingly.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
Related on the Wire
- Markets·Thursday, 3 September 2026
Asia Propylene Prices Accelerate Higher on Rising Feedstocks and Strong Buying
Asian propylene prices extended their upward trend this week, supported by sharply higher crude and propane costs, tight regional supply and active trading demand. Spot prices strengthened across both Northeast and Southeast Asia as traders returned to the market to cover late…
Read story - Polymer·Saturday, 10 October 2026
Southeast Asian PP Imports Face Price Test as Chinese Sellers Return With Higher Offers
Southeast Asia’s imported polypropylene (PP) market remained mostly steady in early October, with weekly average prices for homo-PP raffia, homo-PP injection and PP block copolymer (PPBC) injection holding near their highest levels in around five months. However, the rally tha…
Read story - Polymer·Wednesday, 7 October 2026
Southeast Asia PP, PE Markets Stay Flat as China Holiday Slows Trade
Southeast Asia’s PP and PE markets remained largely stable at the start of the week, with traders and converters reporting little change in both domestic and import prices. China’s ongoing National Day holiday has reduced the availability of fresh import offers, leaving local …
Read story - Markets·Tuesday, 6 October 2026
Asia Petrochemical Market Faces Mixed Trends Amid Cost Pressures
The Asian petrochemical market is experiencing mixed trends following the recent China holiday, with demand expected to remain tepid. According to a report by ICIS, the market is grappling with volatile feedstock and freight costs, which are squeezing downstream margins. This …
Read story