PP Prices

09-12-2025 - Over the past month, the price of polypropylene (PP) raw material has decreased from 6,370.0 CNY/t to 6,240.0 CNY/t, indicating a downward trend in the market. This suggests potential changes in supply or demand dynamics. The forecast predicts a slight increase to 6,258.0 CNY/t, a modest rise of 18.0 CNY/t or 0.3% from the current price, indicating a generally stable trend with minimal risk in raw material pricing.

Despite this forecasted increase, there is a significant downward price impact of -24.0 CNY/t due to supply factors, particularly inventories. While technical data points to upward pressure, the overall demand, flows, and supply data suggest a downward trend for raw material prices.

Recent analyses present a bearish outlook for the Dalian Commodity Exchange (DCE) polypropylene market in the near term. A report from September 30, 2025, notes that the DCE PP January 2026 futures contract was quoted around 6,899 CNY/MT, indicating a continuation of the downward trend. This decline is attributed to persistent oversupply, cautious domestic demand, and China's strategic focus on high-value industrial growth. Additionally, pre-holiday destocking and global economic turbulence have contributed to a challenging market environment, setting a cautious tone for the upcoming months.

This analysis contrasts with the forecast's prediction of a price increase to 6,258 CNY/MT in the coming month.