Chemical Updates

Asian Polypropylene: Prices mixed; eases in China, strengthens in Southeast Asia / China PP prices fall Yuan 300/mt / Vietnam PP surges $110/mt amid shortages / Southeast Asia prices rise on supply gaps

Aug 03, 2026

The Asian polypropylene market saw prices diverge across the region, as Chinese prices cooled rapidly while Southeast Asian prices rallied in the week to July 29. A producer said that buyers were purchasing in very small volumes, reflecting the cautious buying sentiment in China. PP Raffia China Domestic down Yuan 300/mt week over week at Yuan 8,900/mt July 29. Vietnam In Vietnam, CFR Vietnam PP raffia up $110/mt week over week at $1,120/mt July 29. Prices rose sharply amid the absence of South Korean export cargoes offered to the market. “The [South Korean market] was very silent,” a Vietnamese trader said. The sharp decline in Brent futures also did not lead to a decline in market prices. “Producers are cautious of crude price volatility and crude prices may rise again,”...

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