Chemical Updates

Asian PP: Prices rise in line with crude oil strength / FOB China buy-sell gap persists / Demand steady; buyers resist offers

Jul 25, 2026

Asian PP prices strengthened in the week to July 22 amid stronger upstream crude oil. CFR Far East Asia raffia-grade polypropylene up $10/metric ton day over day and week over week at $1,050/mt. The CFR Far East Asia injection-grade polypropylene was up $10/ mt day over day and week over week at $1,050/mt. In Southeast Asia, FOB China offers were heard in the range of $1,180-$1,250/mt to Indonesia and Malaysia. However, traders said it was difficult to move cargoes as buyers were resisting higher offers. A wide buy-sell gap persisted. “The offer is too high, but no deal, so no one can purchase now,” said a trader based in Vietnam. Vietnamese supply was heard steady, with refineries maintaining high operating rates. Market sources said they have not seen a significant...

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