Polypropylene (pp) Price Trend and Forecast

Polypropylene (PP) Price Trend Q1 2025

In Q1 2025, the Polypropylene co-polymer injection moulding grade FOB Houston price stood at USD 1141/MT, showing a modest increase of 0.4% compared to Q4 2024. In Europe, the FD Hamburg price rose to USD 1299/MT, up by 2.9% quarter-on-quarter, while the homo-polymer injection moulding grade FD Hamburg price also improved to USD 1227/MT, registering a 3.4% increase. The co-polymer grade FD Antwerp price moved up to USD 1274/MT, witnessing a 2.8% growth.

Meanwhile, in the Middle East, the FOB Jeddah price increased to USD 914/MT, rising by 2.2%, and in China, the CIF Shanghai price edged up to USD 954/MT, marking a 2.0% quarter-on-quarter gain. The marginal price recovery across regions was supported by improved demand fundamentals, tightening spot availability, and slight cost pressures from upstream feedstocks.

Polypropylene (PP) Price Trend Q2 2025

According to the PriceWatch, the US PP Homo-polymer Injection Moulding Grade market experienced a 3.5% decrease in prices during Q2, 2025. The average price for the quarter was recorded at USD 1055 per metric ton.

Prices fell for both Homo-polymer and Copolymer Injection Moulding grades due to a decrease in demand from the automotive and consumer goods sectors. Additionally, a drop in Crude Oil prices during the quarter contributed to lower production costs, further driving the price reduction.

The weakening of the US Dollar also made imports cheaper, putting downward pressure on domestic prices. Excess inventory from previous quarters and softer seasonal demand for injection moulding applications added to the market’s downward trend.

The US PP market is experiencing this price adjustment, and it is expected to continue in the near term, as demand remains weak and global factors continue to influence market dynamics.

Polypropylene (PP) Price Trend Q3 2025

Global Polypropylene pricing has exhibited a broad-based decline across regions in Q3 2025 with softer demand and economic uncertainty driving prices lower. Weak demand from key industries like automotive and packaging has weighed on the US pricing trend in Houston, resulting in a relatively small decrease of 4.7%. Similarly, the pricing trend in Mexico and Canada has shown a downward shift driven by oversupply and reduced procurement activity.

The trend in Europe shows a decline across the pricing in Germany, Belgium, and France, reflecting reductions in the key licensing sectors and increased competition from imports. Saudi Arabia experienced a relatively brief, initial increase in polypropylene pricing trend related to strong demand across the region, while by September polypropylene prices have begun showing mixed results with a decline of 2.5%.

In both India and Brazil, the pricing trend continues to be weak due to cautious buying and limited restocking behaviours. In addition, the trend in China has declined with reduced demand from construction and packaging, adding pressure to the continued global bearishness in the overall markets.

United States: Polypropylene (PP) Export prices FOB Houston, USA, Impact Copolymer Injection Moulding Grade (MFR: 12).

According to Price-Watch™, in the third quarter of 2025, the price of polypropylene in the USA, saw a decrease of 4.7%, with prices ranging between USD 1,050 and USD 1,100 per metric ton. Polypropylene prices in the US have declined following diminished demand from key end-user industries (automotive, packaging), which are scaling back consumption across the region.

As there have been uncertainties in the economy, buyers have postponed purchases and acted with extreme caution in their procurement of polypropylene. The influx of imports into the market have been contributing to the weakened price trend in polypropylene. Polypropylene price in the US continued its decline throughout September 2025, falling a further 3.6% due in part to feedstock propylene dropping more than 5% and less cost support.

Together with pervasive weak demand globally, and reduced downstream consumption, the polypropylene price trend slid lower as demand continued to soften. Overall, the polypropylene price trend has been considerably weaker, as buyers remain passive and the overall sentiment is bearish in the market due to oversupply and sluggish demand conditions.

Mexico: Polypropylene (PP) Import prices CIF Manzanillo, Mexico from USA, Impact Copolymer Injection Moulding Grade (MFR: 12).

In the third quarter of 2025, the polypropylene price trend in Mexico reduced by 4.4%, impacted by lower demand from automotive and packaging industries. The polypropylene price trend has been pressured downward by relatively large supply from suppliers based in the USA, whose supply levels have induced buyers to delay purchases.

Global oversupply levels have also had an effect on polypropylene pricing trends, with an overall weaker downstream demand contributing to lighter market conditions. Economic uncertainty and cautious purchasing behaviour have also contributed to supporting downward pressure on the polypropylene price trend.

In September 2025, the prevailing prices of polypropylene in Mexico fell further 3.5%, with responses to lower pricing from imports from the United States and weak demand in downstream domestic industries. Decreased consumption and no appreciable restocking have also contributed to the broader weak polypropylene price trend.

More generally, the polypropylene pricing trend remains softer in Mexico overall, with buyers not taking significant action, and with decreased market activity contributing to the bearish sentiment experienced to close the quarter.

Canada: Polypropylene (PP) Import prices CIF Montreal, Canada from USA, Impact Copolymer Injection Moulding Grade (MFR: 12).

In Q3 2025, the polypropylene price trend in Montreal, Canada, has declined by 3.7%, with weaker demand from automotive and packaging sectors driving the trend downward. The PP price trend has been pressured by competitively priced imports from the USA, which have increased market competition and limited domestic price growth.

Canadian buyers have been remaining cautious, delaying large orders, and thereby affecting the polypropylene price trend. In September 2025, the polypropylene prices in Canada has continued its decline by 3.2%, as imports from the USA and other overseas regions have entered the market at lower costs.

Reduced downstream consumption and weak global demand have further influenced the polypropylene price trend, creating a bearish market environment. Overall, the PP prices in Canada has reflected softness, constrained by cautious procurement, limited restocking, and oversupply conditions, resulting in sustained downward pressure on prices.

Germany: Polypropylene (PP) Domestically Traded prices FD Hamburg, Germany, Impact Copolymer Injection Moulding Grade (MFR: 12-30).

In Q3 2025, the PP price trend in Hamburg, Germany, has declined by 5.0%, driven by soft demand from key sectors such as automotive and packaging. The polypropylene price trend has been under pressure due to persistent oversupply in the European market, with buyers hesitating to place large procurement orders.

Global economic uncertainty and cautious purchasing behavior have further influenced the polypropylene price trend, keeping the market subdued. In September 2025, the PP prices in Germany has continued to decline by 2.0%, as weak demand has failed to trigger typical seasonal restocking, and oversupply has remained a key factor.

Despite stable upstream feedstock availability, the PP price trend has been affected by limited downstream consumption and subdued market sentiment. Overall, the polypropylene price trend in Germany has shown ongoing softness, with the market facing persistent bearish pressure and restrained buyer activity throughout Q3 2025.

Belgium: Polypropylene (PP) Domestically Traded prices FD Antwerp, Belgium, Impact Copolymer Injection Moulding Grade (MFR: 12-30).

In Q3 2025, the PP price trend in Antwerp, Belgium, has declined by 5.1%, as demand from automotive and packaging industries has weakened. The polypropylene price trend has been influenced by imports from the USA and Asia, which have increased competition and limiting local price growth. Buyers have been remaining cautious, deferring procurement, which has further put downward pressure on the polypropylene price trend.

In September 2025, the polypropylene prices in Belgium has continued its decline by 2.0%, with weak demand preventing seasonal restocking and persistent oversupply pressuring prices. Subdued buying activity and uncertainty regarding future demand have further affected the PP price trend. Overall, the PP price trend in Belgium has shown sustained softness, with the market sentiment remaining bearish and procurement activity limited, reinforcing the downward trajectory observed throughout Q3 2025.

France: Polypropylene (PP) Domestically Traded prices FD Le Havre, France, Impact Copolymer Injection Moulding Grade (MFR: 12-30).

In Q3 2025, the polypropylene price trend in France, particularly in Le Havre, has declined by 4.9%, as demand from major industries such as packaging and automotive has softened. The PP price trend has been pressured by competitive international pricing, with buyers adopting a more conservative approach and deferring procurement.

The availability of imported polypropylene from other regions has been increasing market competition, which has further constrained the PP price trend. In September 2025, the PP prices in France have continued its downward movement by 1.9%, as weak demand has failed to trigger usual seasonal restocking, and oversupply has remained a persistent factor.

Subdued buying interest and cautious procurement behaviour have also influenced the PP price trend. Overall, the PP price trend in France has shown consistent softness, with bearish sentiment dominating the market and limited recovery observed throughout Q3 2025, as market participants have remained hesitant to commit to large purchases.

Saudi Arabia: Polypropylene (PP) Export prices FOB Jeddah, Saudi Arabia, Impact Copolymer Injection Moulding Grade (MFR: 12).

According to Price-Watch™, in Q3 2025, the PP price trend in Saudi Arabia, particularly in Jeddah, has increased by 4.2%, as regional and export demand from Middle Eastern and African markets has supported prices. The PP price trend has been strengthened by limited competition in the local market, allowing producers to secure higher prices.

Strong demand from key sectors and consistent regional procurement have kept the PP price trend on a positive trajectory. In September 2025, however, the PP prices in Saudi Arabia have decreased by 2.5%, as weaker global demand and slower procurement activity have been putting downward pressure on prices.

Increased import competition and limited domestic buying interest have been influencing the PP price trend, partially reversing gains observed earlier in the quarter. Overall, the PP price trend in Saudi Arabia has shown mixed behaviour, with rising trends during early Q3 being offset by weaker market activity and cautious buying in September, reflecting temporary softness.

India: Polypropylene (PP) Domestically Traded prices Ex-Ahmedabad, India, Impact Copolymer Injection Moulding Grade (MFR: 12).

According to Price-Watch™, in Q3 2025, the PP price trend in India, particularly in Ahmedabad, has declined by 1.2%, as weak demand from automotive and consumer goods sectors has been limiting procurement activity. The price trend of polypropylene (PP) in India has been shaped by stable domestic supply and competition from imported PP, which has limited any upside price potential.

Demand has continued to keep buyers cautious with their orders and further affected PP price trends. PP prices in India have fallen 4.1% in September 2025, aligned to poorly performing domestic demand and competitive pricing from US-origin PP which further pressured prices lower too.

The PP price trend has been affected by reduced restocking and a steady level of lower demand continuing into August 2025 contributing to its bearish factors in the trends of last few months. All in all, PP price trends are illustrative of a continued soft state throughout Q3, with buyer caution shown by demand, a stable domestic supply and imported PP maintaining a competitive presence to base floor values.

Brazil: Polypropylene (PP) Import prices CIF Santos, Brazil from USA, Impact Copolymer Injection Moulding Grade (MFR: 12).

The price trend of polypropylene (PP) in the Q3 2025 Brazil market, particularly in Santos, decreased by 3.9% since weakening domestic demand from the packaging and automotive sectors curtailed procurement, which contributed to lower polypropylene price trends. Competitive imports from the USA have also weighed on the PP price trend in Brazil, as weak domestic demand limited the ability to push the local PP price trend higher.

Due to this weak domestic demand for PP, buyers continued to be cautious and focused on smaller volumes of procurement in Q3 2025, which also contributed to lower PP price trends. For September 2025, Brazilian polypropylene prices continued to decline at a rate of 3.7% due to weaker global demand and oversupply conditions that have limited buyers’ willingness to purchase PP.

These PP price trends have also led the price for Polypropylene Impact Copolymer Injection Moulding Grade in Brazil to reflect more of a downward price movement, while also exhibiting reduced restocking and weakened buying interest due to less procurement from consumer end-users.

Overall, the PP price trend in Brazil has displayed of solid softness and has limited pricing momentum, throughout Q3 – 2025. This was due to market participants remaining cautious, and even though there may have been limited procurement, the competition from imports always looms.

China: Polypropylene (PP) Domestically Traded prices Ex-Fujian, China, Impact Copolymer Injection Moulding Grade (MFR: 12).

In Q3 2025, the PP prices in China, particularly in Fujian, has declined by 1.1%, as demand from packaging and construction sectors has been weakening. The PP price trend in China has been pressured by limited domestic consumption and the availability of imported material, which has increased competition and constrained local pricing.

Despite stable production levels, the polypropylene price trend has been remaining soft due to subdued downstream demand. In September 2025, PP prices in China have declined by 1.6%, as weak global demand has outweighed short-term supply disruptions caused by plant shutdowns across producers like Sinopec Henan Refining and Chemical.

Reduced procurement from downstream industries has also been influencing the PP price trend, creating a bearish environment. Overall, the PP price trend in China has shown consistent softness throughout Q3 2025, with cautious buying, oversupply, and competitive imports contributing to sustained downward pressure on prices.

Polypropylene (PP) Price Trend Q4 2025

The global PP market has experienced a sustained bearish trend throughout Q4 2025, with prices declining across all major regions due to persistent weakness in downstream demand and ample supply availability.

Key end-use industries such as automotive, packaging, and consumer goods have shown sluggish performance, particularly in Europe and Latin America, which has reduced consumption levels. At the same time, producers have maintained steady operating rates, leading to inventory accumulation across global markets.

Feedstock propylene prices have remained soft due to balanced supply-demand fundamentals, while crude oil prices have stayed largely rangebound, offering minimal cost support to polymer production.

Additionally, stable global trade flows have ensured continuous product availability. However, towards December, limited recovery has been observed in some regions due to restocking activities and temporary production outages.

USA: PP Export prices FOB Houston, USA; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12)

During Q4 2025, PP prices in the USA have declined significantly by 15.10%, primarily due to weak domestic and export demand coupled with sufficient supply availability. Downstream sectors such as automotive and consumer goods have shown slower purchasing activity, while producers have continued operating at steady rates, resulting in inventory build-up.

Feedstock propylene prices have remained under pressure due to adequate supply, and crude oil prices have remained stable, limiting cost-driven price increases. Export demand has also been moderate, reducing market support.

This has been reflected in PP prices in the USA and the broader PP price trend in the USA, indicating bearish sentiment. Similarly, in the last month of the quarter, in December 2025, PP prices in the USA have increased marginally by 0.29%, supported by slight restocking activity.

Mexico: PP Import prices CIF Manzanillo, Mexico from USA; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12)

During Q4 2025, PP prices in Mexico have declined by 14.30%, driven by weak downstream demand and steady import supply from the USA. Packaging and automotive sectors have shown limited growth, while buyers have maintained cautious procurement strategies due to sufficient inventory levels. Import dependency on US cargoes has ensured consistent supply, further pressuring prices.

Feedstock propylene costs have remained soft, and crude oil trends have provided minimal support. This has been reflected in PP prices in Mexico and the prevailing PP price trend in Mexico, indicating a well-supplied market with low buying momentum.

Similarly, in the last month of the quarter, in December 2025, PP prices in Mexico have increased slightly by 0.27%, supported by short-term restocking and marginal tightening in supply.

Canada: PP Import prices CIF Montreal, Canada from USA; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12)

During Q4 2025, PP prices in Canada have declined by 13.34%, primarily due to moderate demand and sufficient import availability from the USA. Downstream consumption from automotive and packaging sectors has remained stable but slow, while inventory levels have been comfortable.

Feedstock propylene prices have remained soft due to balanced market conditions, and crude oil prices have shown limited volatility, offering minimal cost support. This has been reflected in PP prices in Canada and the broader PP price trend in Canada, indicating subdued market sentiment.

Similarly, in the last month of the quarter, in December 2025, PP prices in Canada have increased slightly by 0.25%, supported by minor demand recovery and restocking activity.

Germany: PP Domestically Traded prices FD Hamburg, Germany; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12-30)

During Q4 2025, PP prices in Germany have declined by 8.91%, driven by weak demand from automotive and industrial sectors amid ongoing economic slowdown in Europe. Adequate regional supply, supported by stable production and steady imports, has created oversupply conditions in the market.

Feedstock propylene prices have softened, while crude oil prices have remained rangebound, providing limited cost support. Buyers have remained cautious, leading to reduced procurement activity. This has been reflected in PP prices in Germany and the prevailing PP price trend in Germany, indicating weak market fundamentals.

However, in the last month of the quarter, In December 2025, PP prices in Germany have increased by 2.48%, supported by restocking demand and temporary supply constraints due to maintenance shutdowns.

Belgium: PP Domestically Traded prices FD Antwerp, Belgium; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12-30)

During Q4 2025, PP prices in Belgium have declined by 9.09%, primarily due to subdued demand from packaging and industrial sectors and sufficient supply availability. Domestic production has remained stable, while consistent import flows have ensured adequate market availability.

Feedstock propylene prices have remained soft, and crude oil trends have offered limited support. This has been reflected in PP prices in Belgium and the broader PP price trend in Belgium, indicating oversupply conditions and weak demand.

However, in the last month of the quarter, in December 2025, PP prices in Belgium have increased by 2.54%, supported by restocking activity and slight tightening in supply due to production adjustments.

France: PP Domestically Traded prices FD Le Havre, France; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12-30)

During Q4 2025, PP prices in France have declined by 8.67%, driven by weak downstream demand and sufficient supply availability. Key sectors such as automotive and packaging have shown limited activity, while buyers have maintained cautious procurement strategies.

Feedstock propylene prices have remained soft, and crude oil prices have remained stable, offering minimal cost support. This has been reflected in PP prices in France and the prevailing PP price trend in France, indicating subdued market conditions.

However, in the last month of the quarter, in December 2025, PP prices in France have increased by 2.41%, supported by restocking demand and slight supply tightening.

Saudi Arabia: PP Export prices FOB Jeddah, Saudi Arabia; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12)

During Q4 2025, PP prices in Saudi Arabia have declined by 8.15%, primarily due to stable production levels and moderate export demand across Asia and Africa. Producers have maintained high operating rates, ensuring sufficient supply in the global market. Demand from key importing regions has remained subdued, limiting pricing power.

Feedstock costs have remained relatively stable, while crude oil prices have shown limited volatility. This has been reflected in PP prices in Saudi Arabia and the broader PP price trend in Saudi Arabia, indicating balanced-to-oversupplied conditions.

Similarly, in the last month of the quarter, in December 2025, PP prices in Saudi Arabia have declined by 2.03%, due to weak export inquiries and steady supply availability.

India: PP Domestically Traded prices Ex-Hazira, India; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12-30)

During Q4 2025, PP prices in India have declined by 8.36%, due to moderate demand and sufficient domestic and imported supply. Downstream sectors such as packaging and automotive have shown steady but limited growth, while inventory levels have remained comfortable.

Feedstock propylene prices have remained stable, and crude oil prices have been rangebound, offering limited cost support. This has been reflected in PP prices in India and the broader PP price trend in India, indicating balanced market conditions.

Similarly, in the last month of the quarter, in December 2025, PP prices in India have increased slightly by 0.25%, supported by minor restocking activity and improved demand sentiment.

Brazil: PP Import prices CIF Santos, Brazil from USA; Grade – Impact Copolymer Injection Moulding Grade (MFR: 12)

During Q4 2025, PP prices in Brazil have declined by 14.76%, driven by weak downstream demand and sufficient import supply from the USA. Buyers have adopted cautious procurement strategies amid adequate inventory levels and uncertain economic conditions.

Feedstock propylene prices have remained soft, while crude oil trends have provided minimal support. This has been reflected in PP prices in Brazil and the prevailing PP price trend in Brazil, indicating oversupply conditions.

Similarly, in the last month of the quarter, in December 2025, PP prices in Brazil have increased slightly by 0.27%, supported by short-term restocking and improved import parity.

China: PP Domestically Traded prices Ex-Fujian, China; Grade – Raffia Grade (MFR: 3±0.5)

During Q4 2025, PP prices in China have declined by 8.47%, primarily due to weak demand from packaging and industrial sectors along with sufficient domestic supply. High operating rates among producers and inventory accumulation have reduced procurement urgency.

Feedstock propylene prices have remained stable, while crude oil fluctuations have been limited, offering minimal cost support. Export competitiveness has also weakened due to global demand slowdown.

This has been reflected in PP prices in China and the ongoing PP price trend in China, indicating an oversupplied market. Similarly, in the last month of the quarter, in December 2025, PP prices in China have declined by 4.99%, due to continued weak demand and high inventory levels.