Chemical Updates

South Asian PP: Prices increase amid shortages / Shipping delays fuel panic-buying demand / Domestic prices increase, sources say

Aug 03, 2026

The South Asian polypropylene market rose significantly July 29 as shipping uncertainties persisted amid lean material availability. PP raffia/injection grade up $75/mt week over week at $1,250/mt CFR South Asia July 29, considering tradable indications heard from buyers matched the lower end of offer and selling indications heard in the range of $1,250-1,260/mt CFR South Asia. Separately, the deal at $1,250/mt was not considered as it couldn’t be corroborated with the wider market. The buy side market remained skeptical about the shipments and delivery period despite offers floating in the market. The buy side was keen on purchasing only through letter of credit payment terms. “Even if Middle East producers are offering, there is shipment uncertainty,” an India-based trader said. “No one is ready to book due to shipment and...

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