Polypropylene prices fell across the Gulf Cooperation Council this week, pressured by lower import offers and shifting global feedstock trends that kept the market on edge.
A regional industry source told that overseas suppliers cut prices aggressively, undercutting confidence and adding to the downward pull from soft supply-demand dynamics, raw-material cost changes, and lingering logistics challenges. Even so, the market retained a narrow trading band that suggests relative stability, though local differences and wider economic shifts could still spark minor price moves. Buyers and sellers are treating current levels as a reference point while watching geopolitical events, production costs, and seasonal demand patterns for clues to the next move.
Chinese polypropylene continues to flow into India at steep discounts, heightening competition for Middle Eastern exporters. For now, those bargains have not filtered into the GCC market, where producers are resisting pressure to cut further after the start-up of APC and the possibility of diverting cargoes from India back into the region. The tug-of-war underscores ongoing debate over pricing tactics as regional supply and demand evolve.
Prices reflected the softer tone. PP raffia and injection were assessed at 900–970 USD/mt CFR, down about 10 USD/mt week on week. PP film and fiber each slipped to 930–1,010 USD/mt CFR, while BOPP dropped to 920–990 USD/mt CFR. PP block copolymer held steady at 960–1,000 USD/mt CFR.
Global propylene markets offered a mixed backdrop. China saw prices ease on sluggish buying and ample supply, with polypropylene producers curbing demand. Elsewhere in Asia, propylene stayed largely unchanged as steady consumption met balanced output. Europe also rolled over, its usual summer lull offset by planned and unplanned outages and transport snags that kept supply tight. In the United States, spot propylene was flat as surplus inventories and muted downstream demand outweighed expectations of a rebound, while the U.S. PP market stayed lethargic under the weight of high stocks and cheaper Asian material.
