Fresh polypropylene (PP) offers have surfaced in the Pakistani market, with a Middle Eastern producer heard to have offered PP Block Copolymer grades in the range of USD 950–960 per metric ton on a CFR Karachi port basis for September 2025 shipment, according to a source.
Market participants noted that the new offer comes at a time when demand in Pakistan has been muted, weighed down by currency instability, cautious financing, and subdued consumption in downstream sectors such as automotive parts, appliances, and industrial components—key applications for block copolymer grades. Despite this, suppliers are positioning themselves ahead of September, when trading activity traditionally shows signs of revival as buyers return from the summer slowdown and prepare for seasonal requirements.
Traders observed that the quoted levels appear competitive against prevailing international benchmarks, reflecting Middle Eastern producers’ intent to secure volumes in South Asia despite global oversupply conditions. The regional advantage of proximity, shorter shipping times, and established trade channels continues to give Middle Eastern suppliers an edge over alternative origins, even as Asian producers attempt to penetrate the market with attractively priced cargoes.
Buyers in Pakistan, however, remain hesitant to commit to large volumes, citing uncertainty in local demand recovery and the impact of new regulatory frameworks, including electronic invoicing requirements. Converters indicated they are closely monitoring how September import offers unfold before making significant procurement decisions, preferring to balance stockpiles against volatile end-user demand.
Industry sources added that the offer will likely serve as a benchmark for negotiations with other suppliers in the coming weeks, setting the tone for September trading. Should demand pick up in line with seasonal restocking and easing monsoon-related disruptions, the market could see improved transaction volumes, though the overall outlook remains cautious.
The offer at USD 950–960/mt underscores the determination of Middle Eastern producers to maintain a strong foothold in Pakistan, even as the global polypropylene market remains pressured by oversupply and lackluster downstream growth.
