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.
During Q4 2024, Polypropylene injection moulding grade prices faced downward pressure globally. The co-polymer grade FOB Houston price dropped to USD 1137/MT, registering an 8.0% quarter-on-quarter decline. In Europe, the FD Hamburg price decreased to USD 1263/MT, down by 7.0%, while the homo-polymer FD Hamburg price fell to USD 1187/MT, a 7.6% drop. Similarly, the FD Antwerp price declined to USD 1239/MT, falling by 7.7%. The Middle East market remained relatively stable but still witnessed a slight decrease, with FOB Jeddah prices moving down to USD 894/MT, a 1.2% decline. The CIF Shanghai price for Saudi-origin material also eased to USD 935/MT, down by 1.0%. Weakening demand, ample inventory levels, and lower feedstock prices contributed to this bearish trend globally.
In Q3 2024, Polypropylene co-polymer injection moulding grade prices showed strong upward momentum across most regions. The FOB Houston price rose sharply to USD 1236/MT, marking a 6.9% increase compared to Q2. The FD Hamburg price climbed to USD 1358/MT, up by 4.9%, and the homo-polymer FD Hamburg price increased to USD 1284/MT, reflecting a 4.0% rise. The FD Antwerp price also strengthened to USD 1342/MT, growing by 2.9%. However, in the Middle East, the FOB Jeddah price declined to USD 905/MT, down by 4.0%, and the CIF Shanghai price for Saudi-origin material fell slightly to USD 944/MT, decreasing by 2.5%. The uptick in the US and European markets was mainly driven by production disruptions, seasonal restocking, and higher crude oil prices, while the Middle East and Asian markets faced pressure from weaker domestic demand and increased regional supply.
In Q2 2024, the North American and APAC Polypropylene markets saw significant price increases driven by supply-demand imbalances, rising global freight rates, and higher feedstock costs. Unplanned plant shutdowns exacerbated supply constraints, while robust demand from downstream sectors, particularly the automotive industry, contributed to bullish market conditions. Freight rates from Asia to North America surged by over 40%, pushing up import costs. In contrast, the European market experienced a 10% price decline due to lower feedstock costs, subdued demand from key sectors like automotive and construction, and an oversupply of material. High financing costs and reduced consumer spending further dampened demand, especially in the German construction sector, which faced contraction.
In Q1 2024, the global Polypropylene (PP) market exhibited mixed trends, with price increases observed in the European and APAC markets, while the U.S. market saw a decline. In Europe and APAC, moderate volatility in the PP market was driven by fluctuating raw material costs and geopolitical tensions. Rising feedstock propylene prices and changes in crude oil costs influenced price movements. Logistical challenges, such as disruptions in critical shipping routes, escalated freight and insurance costs, further impacting PP price structures. The broader market was shaped by seasonal demand variations and stockpiling in anticipation of future price hikes.
In Q1 2025, polypropylene homo-polymer injection moulding grade prices Ex-Hazira stood at USD 1166/MT, reflecting a marginal decline of 0.8% compared to Q4 2024. Similarly, the co-polymer injection moulding grade prices decreased to USD 1257/MT, down by 0.9% quarter-on-quarter. The market faced subdued demand after the festive season and lower raw material costs, which kept buying sentiment cautious. Overall, limited trading activities and adequate domestic supply contributed to the softening trend during the quarter.
During Q4 2024, the polypropylene homo-polymer injection moulding grade prices fell to USD 1175/MT, registering a 2.9% quarter-on-quarter decline. Co-polymer injection moulding grade prices also slipped to USD 1268/MT, down by 2.8%. The downward trend was attributed to easing feedstock prices, weakening demand from packaging and automotive sectors post-monsoon, and competitive pressure from imports. Indian producers adjusted prices downward to manage inventory levels amid moderate buying activity.
In Q3 2024, homo-polymer injection moulding grade prices rose slightly to USD 1210/MT, marking a 0.7% increase over the previous quarter. Co-polymer injection moulding grade prices also edged higher to USD 1304/MT, reflecting a similar 0.7% growth. The market witnessed stable demand from the packaging and household goods segments, while supply remained balanced. Despite the seasonal slowdown during the monsoon, steady industrial activities helped keep the prices firm.
In Q2 2024, the homo-polymer injection moulding grade prices increased to USD 1201/MT, posting a 4.9% rise quarter-on-quarter. Co-polymer injection moulding grade prices also rose to USD 1295/MT, up by 4.5%. Strong demand from the consumer durables, packaging, and automotive sectors during the summer season supported the price hike. Firm feedstock prices and reduced supply pressure further contributed to the positive pricing environment in the Indian market.
In Q1 2024, homo-polymer injection moulding grade prices were at USD 1145/MT, representing a 5.4% quarter-on-quarter increase. Co-polymer injection moulding grade prices also moved up to USD 1239/MT, with a 5.6% rise. This uptrend was mainly driven by restocking demand after the year-end lull, firm feedstock costs, and improving consumption from key downstream sectors such as appliances and automotive components. Tight supply conditions in the early part of the year further supported the price momentum.
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Molecular Weight[g/mol]
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Molecular Formula
Polypropylene (PP) is a highly versatile and widely used thermoplastic polymer known for its durability, lightweight nature, and excellent resistance to chemicals, moisture, and fatigue. Its low density and high melting point make it ideal for applications in industries such as packaging, automotive, textiles, and consumer goods. PP is commonly used in the manufacturing of items like plastic containers, automotive parts, fibres, and medical devices. Additionally, it is highly resistant to wear and tear, which makes it suitable for products that require longevity and repeated use. The material’s recyclability and cost-effectiveness further enhance its appeal, making it a popular choice in both industrial and consumer markets.
Packaging Type
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Incoterms Used
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Property | Specification (Co-polymer Injection Moulding Grade) | Specification (Homo-polymer Injection Moulding Grade) |
Melt Flow Index | 12-55gm/10 min | 11-12gm/10 min |
Vicat Softening Point | 94-98⁰C | 98-100⁰C |
Heat Deflection Temperature | 81-90⁰C | 88-104⁰C |
Tensile Strength | 19-29MPa | 36 MPa |
Elongation | 10-14% | 10% |
Flexural Strength | 900-1034MPa | 1350-1650 MPa |
Izod Impact (Notched) | 550-53 j/m | 27-3500 j/m |
Density | 0.900 g/cc | 0.900-0.906g/cc |
Melting Temperature | 200-260 ⁰C | 210-260 ⁰C |
Mold Temperature | 15-20 ⁰C | 30-50 ⁰C |
Applications
Polypropylene (PP) is a versatile polymer with a wide range of applications across various industries. In packaging, it is widely used for food containers, bottles, and plastic films due to its moisture resistance and affordability. The automotive industry relies on PP for interior components, bumpers, and battery cases, benefiting from its lightweight and impact resistance. In textiles, PP is used to produce non-woven fabrics, carpets, and ropes. It is also a key material in consumer goods such as furniture, kitchenware, and toys. In the medical field, PP is utilized in the production of sterilizable medical devices, syringes, and containers. Additionally, its electrical insulation properties make it useful in electrical components like capacitors and cables. In construction, PP is found in pipes and insulation materials, valued for its durability and flexibility. This broad array of applications demonstrates the significance of PP in various sectors, from everyday products to industrial uses.
Polypropylene prices are influenced by a complex interplay of factors, including:
Production cost: Production costs directly influence commodity prices. When production expenses rise, such as through higher raw material or labor costs, commodity prices typically increase. Conversely, lower production cost leads to reduced prices of particular commodity.
Supply and Demand: The fundamental driver of commodity prices is the balance between supply and demand. When demand exceeds supply, prices tend to rise, and vice versa.
Economic Growth: Global economic growth, particularly in emerging markets, can increase demand for commodities, driving prices higher.
Geopolitical Events: Political instability, conflicts, and trade tensions can disrupt supply chains, affecting commodity prices.
Natural Disasters: Weather events such as droughts, floods, and hurricanes can impact the production and availability of certain commodities.
Speculation: Financial speculators can influence commodity prices through their trading activities.
Government Policies: Government policies, such as tariffs, subsidies, and regulations, can impact the production, consumption, and trade of commodities.
Many commodities are derived from feedstocks, which are raw materials used in their production. The price of feedstocks can significantly influence the price of the final commodity. For example, the price of crude oil affects the price of gasoline and other petroleum products. When feedstock prices rise, it typically leads to higher commodity prices as well.
Commodity prices can have a significant impact on inflation. When commodity prices rise, it can increase the cost of production for businesses, which may pass these costs on to consumers in the form of higher prices. This can lead to inflation, a sustained increase in the general price level of goods and services in an economy.
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