Chemicals Updates

South Asian PP: Prices fall on weak demand; market outlook bearish / Indian producers seen offering Aug schemes from first week: source / Block COPOL market stronger than raffia amid supply cut: source

Aug 04, 2025

South Asian polypropylene prices fell further in the week ended July 30 due to weak demand amid the monsoon season and ample supply. PP raffia/injection grade down $15/mt from the last assessment at $925/mt CFR South Asia July 30, considering deals heard at $925/mt and $930/mt, with $925/ mt being considered more representative by the wider market. The assessment was also below the lowest offer at $935/mt and above the highest bid at $900/mt, as well as within tradable indications heard at $920-$930/mt. Some more competitive indications were also heard for forward arrival, beyond the delivery period specified by methodology, and sources said they expect the bearish trend to continue for a few more weeks before the fall bottoms out. “Demand for homopolymers, especially, has been rather weak due to...

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