PP Prices and News
SE Asia’s PPH regains premium over China after 3 weeks by Thi Huong Nguyen
According to weekly average data from ChemOrbis Price Index, China’s local homo-PP raffia and injection markets reached their highest levels in over a year in early October, following the firm market return post-Golden Week holiday. This marked the first time since mid-December 2023 that China’s local prices traded above Southeast Asia's import levels, with a premium of around $16/ton... 29-10-2024
Stats: China rapidly expands its share in SE Asia’s PP markets by Elif Sevde Yalçın and Merve Sezgün
Data from ChemOrbis Stats Wizard Pro reveal that China's PP exports to Southeast Asia surged significantly in the first eight months of 2024, marking a dramatic shift in market dynamics across key importing countries. This growth highlights China's increasing influence in the region's PP market, as it rapidly expands its foothold at the expense of other suppliers... 28-10-2024
Geopolitics set back trading activities in Middle East by Nada Samir
Across the Middle East, PP and PE markets have exhibited a steady to slightly softer path for October. The bearish pressure from dwindling demand along with ongoing geopolitical developments, particularly the continuing war in Gaza and Lebanon, continued to shape October price trends despite the developments in feedstock markets. Meanwhile, arising supply concerns amid broader and intensifying hostilities result in a gloomy seen for November... 24-10-2024
European PP players discuss November outlook by Laura Pisano
PP prices have extended drops into the second half of the month, with decreases beyond the October propylene contract cut passing on deals. The ongoing stagnancy of derivative markets as well as comfortable supply pulled PP prices to their multi-month lows. Players have shifted their focus on the November outlook amid stable to softer expectations... 22-10-2024
Are PP decreases slowing down in Türkiye? by Merve Madakbaşı
PP prices in Türkiye have been eroding since mid-August as suppliers succumbed to weakening demand, lower oil prices, and falling freight rates, alongside easing supply levels. The market extended its losses into October for all origins, with competitive duty-free South Korean offers continuing to pressure Saudi Arabian cargoes. Nonetheless, some sellers noted that price cuts seem to be losing steam, though buyers are maintaining their cautious stance... 11-10-2024
Polypropylene (PP) is a product group produced by the conversion of propylene monomer through a process of polymerization. Polypropylene (PP) is the world's second largest polymer in terms of consumption. There are two main types of PP: Homo-PP and PP Copolymer.
Homo-PP (PPH) is further divided into various grades, such as raffia, injection, fiber, film, BOPP and non-woven. Homo-PP is used in various applications, such as sacks, gift wraps, carpet yarns, kitchenware, automotive parts, food packaging, sanitary pads, diapers and wet wipes. PP Copolymer, which is made more durable by the addition of ethylene monomer during the conversion process, is used in household appliances, automotive and electrical parts and pipe applications.
Looking at the most important net buyer and supplier countries in the polypropylene (PP) market, China stands at the top of the list of importing countries. As of 2020, China alone realizes 25% of the world’s total PP imports. China is followed by Türkiye, which imports 10% of the world’s total PP production, while Italy occupies the third place in rankings. South Korea, Malaysia and Germany comprise the top three main PP suppliers.
ChemOrbis Polypropylene (PP) prices and Plastics News section contain information on the market trends, as well as supply-demand factors and production costs that determine the pricing, statistics on imports and exports, along with maintenance shutdowns, restarts, and new capacities related to PP facilities.
Products:
PPH raffia, PPH fiber, PPH injection, PPH film, PPH non-woven, PPH medical, BOPP, PP Copolymer injection, PP Copolymer extrusion, PP Copolymer pipe type 2, PP Random Copolymer injection, PP Random Copolymer extrusion, PP Random Copolymer pipe type 3.
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