PP Prices

05-02-2026 - Over the past month, the price of polypropylene (PP) raw material has risen from 6,168.0 CNY/t to 6,653.0 CNY/t, indicating a strengthening market possibly due to supply constraints or increased demand. The forecast predicts a slight increase to 6,715.0 CNY/t, a modest 0.9% rise from the current price, suggesting a generally stable trend with minimal risk, as the price change is only 62.0 CNY/t.

The forecast highlights upward price pressure on raw materials, influenced by factors such as Seaborne Imports & Exports and Exchange Rates. However, inventory levels suggest downward pressure, resulting in a mixed outlook with a net impact of 25.0 CNY/t.

In contrast, the ChemOrbis report on the European PP market for 2026 suggests that significant price increases are unlikely in January and February. Converters are cautious, with ample inventory and little motivation to restock due to weak downstream activity. Large buyers have already secured early-2026 volumes from South Korea and Saudi Arabia, ensuring a well-supplied market. With propylene prices at their lowest since mid-August 2023, cost support for PP is limited. Producers may aim for stability or minor increases, but buyers see little justification for price hikes. A more sustainable uptrend might emerge from March, driven by seasonal improvements, planned monomer turnarounds, and producers' efforts to rebuild margins. However, any price increase is expected to be modest and heavily reliant on demand, which has been underperforming for the past two years. This analysis presents a differing view from the forecasted price increase to 6,715.0 CNY/t for the Dalian Commodity Exchange (DCE) PP market in the coming month.