Chemicals Updates

South Asian PP: Prices fall amid poor offtake, high inventory / Indian producers offering large discounts to offload stocks / Easing prices, high stock levels eating into buying interest

Jul 26, 2025

South Asian polypropylene prices fell further in the week ended July 23 on the back of poor buying interest and inventory buildup across the supply chain. PP raffia/injection grade down $10/mt from the last assessment at $940/mt CFR South Asia July 23, in line with a deal heard and corroborated at $940/mt CFR South Asia, below the lowest offer heard at $950/mt, and above a buy idea at $900/mt. The assessment was also in line with tradable indications heard at $940/mt. Large inventory buildup with producers and buyers is weighing on discussion levels and turning the market in favour of the latter, sources said. In India, the largest consumer and producer of PP by volume in the South Asia region, sales have been “terribly slow for the last 20 days,”...

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