Fresh polypropylene (PP) offers have emerged in Pakistan, with a Middle Eastern producer heard to have announced its price for PP Random Copolymer grades in the range of USD 1,020–1,060 per metric ton on a CFR Karachi port basis for September 2025 shipment, according to a source.
The announcement comes as Pakistan’s polymer market continues to navigate cautious buying activity, with downstream converters balancing weak consumer demand, regulatory adjustments, and financial constraints. Random copolymer grades, often used in packaging, household goods, and consumer products where higher transparency and impact resistance are required, remain a key material for converters, though buyers have shown restraint in recent weeks.
Traders noted that the offer levels are in line with regional benchmarks, reflecting the competitive positioning of Middle Eastern producers who remain the primary suppliers to Pakistan. The timing of the offer coincides with the approach of the seasonal restocking period, when buyers typically evaluate inventory needs ahead of stronger demand in the final quarter of the year. However, market sentiment remains mixed, with many converters preferring to delay large-volume commitments until greater clarity emerges around currency stability and demand recovery.
Market participants said the announced range could act as a reference point for other suppliers preparing their September offers, particularly given the increasing competition from Asian cargoes. While Middle Eastern suppliers have the advantage of shorter lead times and stronger logistics networks into South Asia, buyers are expected to carefully weigh these offers against alternative sourcing options.
Industry observers added that while the domestic market in Pakistan has been subdued in recent months due to economic challenges and monsoon-related disruptions in downstream activity, the arrival of new September offers may revive trading momentum if converters see value in forward procurement.
The offer at USD 1,020–1,060/mt underscores the importance of the Pakistani market to Middle Eastern producers, even as global PP markets remain pressured by oversupply and uneven demand trends.
