ICIS has extensive coverage of the Polypropylene markets and our network of locally-based experts deliver reliable and trustworthy pricing information on a weekly basis. Price reports are published from Africa, Asia, southeast Asia, Middle East, China, CIS, Europe, Turkey, US and Latin America.
There are also weekly margin reports in Asia, China, Europe and the US assessing a short-term three-month view and longer-range view. Forecast reports looking forward a year and 12-month rolling series reports are also compiled for Asia, Europe and the US. This high-value news and analysis is an essential business tool to assist market players when making crucial decisions.
Our editor gives their expert view
Polypropylene overview Transcript
Polypropylene or PP is a thermoplastic material that is mainly sold in resin pellets to processors who then shape it into a wide variety of products including car bumpers, oil containment booms and medicine caps.
US polypropylene has major end markets in automotive manufacturing and rigid packaging.
Some lower margin applications such as film and carpet have been largely outsourced from the US.
Most domestic contracts are linked to monomer benchmarks, so propylene market fluctuations are the main drivers of polypropylene contract prices.
In the recent years it has become more common for propylene shortages to cause rapid fluctuations in pricing for polypropylene and its feedstock.
The US polypropylene industry used to serve as a dependable export supplier to the world, but with the relatively high cost structure of feedstock, North America has become a more regional market.
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Polypropylene news and market information products from ICIS
We offer the following regional Polypropylene analysis and news coverage to keep you informed of factors and developments affecting prices in the Polypropylene marketplace.
Price Reporting – More information about the price reports we publish on Polypropylene
Independent price assessments and market coverage by region
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Other types of reports we cover for Polypropylene
Use margin reports to assess the profitability of commodities
News & analysis
News & Analysis - News & market analysis specifically relating to Polypropylene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Polypropylene: Market overview
Updated to Q2 2016
PP supply in Europe in March was balanced to tight, and producers were confident of higher prices on stronger feedstock propylene. Demand grew at 6% in 2015 and remained healthy in 2016 despite market players’ pessimistic view on demand growth.
PP demand in the Middle East looks set to be subdued ahead of the Muslim fasting month of Ramadan, starting early June. Buyers expect some delays in shipments and may stock up before Ramadan.
US polypropylene (PP) prices continued to rise in the first quarter of 2016 and exposed producers to competition from imports. Domestic PP prices now among the highest in the world pose enough of a challenge for producers to begin cutting prices. The influx of imports has, temporarily at least, undercut producers’ urge to expand their margins.
The Turkish PP market will continue to be driven mainly by upstream factors such as crude oil and feedstock propylene prices. Economic issues will curb local demand, while regional turmoil in Syria and Iraq and frosty relations with Russia will affect exports of finished goods to many markets.
Supply in China was expected to ease later in the second quarter, after several plants complete maintenance in April and May. However, start-ups of several units in the third quarter might dampen market confidence. Southeast Asia’s current short supply was also expected to ease later in teh second quarter, after the regional suppliers cleared their backlogs.
The Latin American PP prices rose in line with the trend in the other regions and were expected to further increase in the second quarter.
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Polypropylene Asia Margin Report Methodology
Polypropylene China Margin Report Methodology
Polypropylene Europe Margin Report Methodology
Polypropylene Europe price forecast methodology
Polypropylene US Margin Report methodology
Polypropylene US price forecast methodology
Polypropylene (PP) is a colourless, translucent to transparent solid with a glossy surface. It has good resistance to acids, alkalis, inorganic chemicals and organic chemicals with the exception of hydrocarbons and chlorinated compounds.
It has improved impact strength, a higher softening point, lower density, better stress cracking and more scratch resistance than other polyolefins. However, a disadvantage of this polymer is its brittleness at low temperatures.
Polypropylene was first produced in a slurry process using Ziegler-Natta catalysts. Bulk phase technologies were then developed while higher activity catalysts enabled gas phase processes to be used. A combination of bulk phase tubular and gas phase reactors has become a popular process.
PP has key applications in packaging, fibres and automotive parts. PP can be extruded for pipe, conduit, wire and cable, while atactic PP has outlets in paper laminating, sealants and adhesives.