Polypropylene: Trading
Gulf, Chinese and Russian offers into India
What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.Who buys, and where
- Saudi Arabia, UAE, Oman, Qatar
- China (record PP exports)
- Singapore and Korea
- Russia (offers into Southeast Asia, Polymerupdate 2026)
Who sells, and from where
- India
- Southeast Asia (Vietnam, Indonesia)
- Turkey
- Africa
- Pakistan, Bangladesh, Sri Lanka
Price benchmarks
| Benchmark | Publisher | Basis |
|---|---|---|
| PP raffia/injection CFR Far East Asia, South Asia | S&P Global Platts | spot, daily/weekly |
| PP homopolymer and BOPP CFR India | Polymerupdate, ChemOrbis, ICIS | spot, weekly |
| PP homopolymer injection FD NWE | Platts, ICIS | spot and monthly contract, euro/t |
| US PP contract (homopolymer) | ICIS, CDI | monthly contract, c/lb, linked to PGP |
Exchanges
| Venue | Contract | Notes |
|---|---|---|
| Dalian Commodity Exchange | Polypropylene futures and options (5 t) | one of the most liquid chemical futures; used to hedge propylene chain risk |
Contract types
- Indian producer list prices revised weekly or fortnightly, with price protection in falling markets
- Spot CFR import deals in 25 kg bags
- Term contracts with formula links to propylene in the US and Europe
- Tolling and offtake for PDH-PP joint ventures
Traders and distributors
- Vinmar
- Mitsui
- Mitsubishi Corporation
- Marubeni
- Sinochem
- Itochu
How Indian buyers price it
- Reliance, IOCL, HMEL, Nayara and OPaL set ex-works list prices against CFR India import parity plus customs duty; Reliance raised PP by Rs 4/kg (basic) from 5 Sep 2026 (Polymerupdate).
- Indian domestic raffia prices rose by more than Rs 50,000/t (about $540/t) between 28 Feb and 18 Mar 2026 (S&P Global).
- No current DGTR duty on PP confirmed in sources reviewed.
Recent price points
| Date | Price | Basis | Source |
|---|---|---|---|
| Dec 2024 | $935-965/t | homo-PP raffia/injection CIF India, Middle East origin | ChemOrbis, 11 Dec 2024 |
| 7 Jan 2026 | $810/t | PP raffia CFR South Asia | Platts via S&P Global, Mar 2026 |
| 25 Feb 2026 | $915/t | PP raffia CFR South Asia | Platts via S&P Global, Mar 2026 |
| 13 Mar 2026 | $1,180/t (up $330 since 2 Mar); €1,200/t FD NWE | PP injection CFR Far East Asia; Europe homopolymer | Platts via S&P Global, 13 Mar 2026 |
| 18 Mar 2026 | $1,380/t | PP raffia CFR South Asia | Platts via S&P Global, Mar 2026 |
| 15 Jul 2026 | $1,080-1,110/t | PP raffia/injection CFR India | Polymerupdate, 15 Jul 2026 |
| 9 Sep 2026 | $1,280-1,330/t (raffia/injection); $1,300-1,350/t (BOPP) | CFR India | Polymerupdate, 9 Sep 2026 |
Good sources to follow
ChemOrbis plastics newsfreemium research site · ChemOrbisWeekly Asian, Indian and Turkish polymer prices and sentiment
Polymerupdatefreemium research site · Polymerupdate (Mumbai)Daily CFR South Asia polymer assessments and Reliance/IOCL list price changes
Argus market opinion and analysis blogfree blog · Argus MediaPolyolefin capacity waves, operating rates and closures
Polimericafree newsletter · Polimerica (Italy)European plastics industry, Plastics Europe data and recycling projects
S&P Global Commodity Insights chemicals newsfreemium research site · S&P GlobalPlatts PP and PE price news including CFR South Asia