Polypropylene (PP) price level & direction into June 2026 - Global PP prices rose into late Q2 2026 versus 2025, mainly on higher feedstock propylene and logistics/energy costs, after a strong up-move in Q1 2026 across major regions. - Representative recent spot/contract indications (latest disclosed, used as reference for early June 2026 negotiations): - Northeast Asia: May 2026 ~USD 1.43/kg; up ~16.3% MoM with strong demand from packaging, automotive, and consumer goods plus higher propylene. - China: April 2026 ~USD 1,431.67/MT (~USD 1.43/kg); U.S.: ~USD 1,518.67/MT (~USD 1.52/kg). - Europe
Polypropylene (PP) price level & direction into June 2026 - Global PP prices rose into late Q2 2026 versus 2025, mainly on higher feedstock propylene and logistics/energy costs, after a strong up-move in Q1 2026 across major regions. - Representative recent spot/contract indications (latest disclosed, used as reference for early June 2026 negotiations): - Northeast Asia: May 2026 ~USD 1.43/kg; up ~16.3% MoM with strong demand from packaging, automotive, and consumer goods plus higher propylene.
- China: April 2026 ~USD 1,431.67/MT (~USD 1.43/kg); U.S.: ~USD 1,518.67/MT (~USD 1.52/kg). - Europe: May 2026 ~USD 2.53/kg (IMARC regional quote), supported by higher energy and production costs and robust industrial demand.
Supply–demand balance (global) - May–June 2026 market condition: “balanced to slightly tight” globally, with steady demand and fluctuating feedstock costs; moderate supply tightness reflected in a positive PP market index and “healthy procurement trends” across key consuming regions.
- Tightening drivers: - Q1 2026: global PP prices climbed sharply as feedstock propylene costs increased and Middle East–Asia petrochemical flows were disrupted by conflict and partial closure of the Strait of Hormuz, restricting Middle Eastern exports. - Asia: naphtha supply crunch due to Middle East disruptions is forcing some petrochemical producers to seek alternate feedstocks and curtail rates, reinforcing price support into 2026. - Demand drivers: - Packaging (especially e‑comme
Procurement teams should maintain flexible sourcing strategies for Polypropylene given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.