Why are PP Prices so high?
30-09-2026 - Over the past month, the price of polypropylene (PP) raw material has seen a notable increase, climbing from 8727.0 CNY/t to 9693.0 CNY/t. This rise suggests strong market demand or possible supply constraints influencing pricing dynamics. The forecast anticipates further growth, projecting prices to reach 10208.0 CNY/t, marking an increase of 515.0 CNY/t or 5.3%. This upward trend highlights potential market volatility affecting raw material costs.
The forecast also points to upward price pressure on raw materials due to Technical, Flows, and Supply data, contributing a combined impact of 285.0 CNY/t. However, Demand data indicates a slight downward pressure, resulting in a mixed market outlook. Among these factors, Technical data, particularly Price Signals, is the most significant.
An analysis from ChemOrbis, dated October 2, 2023, suggests that European PP markets are likely to see price increases in October. This trend is attributed to expected rises in monomer prices and producers' efforts to enhance margins, despite a lackluster demand outlook. The report indicates that while demand remains inconsistent, the upward pressure on costs is expected to drive PP prices higher. This external analysis aligns with the forecasted upward trend in the Dalian Commodity Exchange (DCE) PP market.
The forecast also points to upward price pressure on raw materials due to Technical, Flows, and Supply data, contributing a combined impact of 285.0 CNY/t. However, Demand data indicates a slight downward pressure, resulting in a mixed market outlook. Among these factors, Technical data, particularly Price Signals, is the most significant.
An analysis from ChemOrbis, dated October 2, 2023, suggests that European PP markets are likely to see price increases in October. This trend is attributed to expected rises in monomer prices and producers' efforts to enhance margins, despite a lackluster demand outlook. The report indicates that while demand remains inconsistent, the upward pressure on costs is expected to drive PP prices higher. This external analysis aligns with the forecasted upward trend in the Dalian Commodity Exchange (DCE) PP market.
What is the current / spot price of PP?
PP Price Today
September 30, 2026
Current Price
9693
CNY/t
What is the forecast for the price of PP?
PP Price Forecast
September 30, 2026
1 Month Forecast
10208
CNY/t
1 Year Forecast
8950
CNY/t
What are the short-term drivers of PP prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - EWMA-based technical analysis - Dalian PP Stocks - Chemicals imports to Spain Br(None) The top contrary drivers for the 1 Month horizon are: - Chemicals exports from Korea - Chemicals exports from France
What are the long-term drivers of PP prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - Long term price trends - Chemicals imports to Spain - Dalian PP Stocks Br(None) The top contrary drivers for the 1 Year horizon are: - Short term price trends
Will the price of PP go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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