PP Prices

29-01-2026 - Over the past month, the price of polypropylene (PP) raw material has risen from 6,184.0 CNY/t to 6,644.0 CNY/t, indicating a notable increase in market demand or potential supply constraints. This shift reflects a dynamic change in the raw material market. The forecast for PP suggests a slight increase to 6,696.0 CNY/t, a modest rise of 0.8% from the current price, indicating a generally stable trend with minimal risk, as the price change is only 52.0 CNY/t.

The current forecast presents mixed signals. Data on Seaborne Imports & Exports and Exchange Rates suggest upward price pressure, contributing a 26.0 CNY/t impact. However, Supply and Technical data point to downward pressure, creating uncertainty in the raw material price trends. The forecast anticipates an increase in the Dalian Commodity Exchange (DCE) PP market, with prices expected to reach 6,696 CNY/t in the coming month. However, external analyses offer a different perspective.

According to S&P Global's "Commodity Price Watch: January 2026," the petrochemicals sector is experiencing strong supply, resulting in a nearly flat outlook for chemicals and plastics pricing. This suggests that pricing leverage favors buyers for chemicals and plastics in the first half of 2026, indicating potential downward pressure on PP prices, which contrasts with the forecasted increase.

In summary, there is a divergence between the forecast and external analyses regarding the future direction of PP prices, with the former predicting an increase and the latter suggesting potential downward pressure.