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
Updated to Q1 2019
Africa
Global polypropylene (PP) supply levels will remain limited in 2019, with little in the way of new production coming online. Demand fluctuations in other countries could lead to restricted availability in Africa. Strong pull from China could see stocks directed into Asia. Stocks are low in the country and this may put pressure on buyers if African demand levels rise.
PP demand may improve in the latter half of the quarter, assuming that Chinese order levels also increase following the Lunar New Year holiday period. Chinese buyers often come back from the vacation in need of materials. A spike in Chinese prices could drive a similar trend in Africa, as players have to compete for limited volumes.
Asia
The price gap between dutiable and non-dutiable PP cargoes is likely to remain narrow with the recent regional start-ups. Spreads between homopolymer and copolymer grades could be maintained, at least in the near term, as the bulk of the fresh start-ups have been mainly focused on homopolymer grades.
The bulk of converters were holding on to relatively low inventories, having procured cargoes on a hand-to-mouth basis for most of Q4 2018 and hence, many have room to stock-up on resins should they chose to. How buying momentum in Q1 2019 fares hinges on sentiment in the upstream markets, as well as demand in China.
Europe
A series of planned cracker maintenance outages is expected to curtail propylene supply into 2019. Several producers have made precautionary provision for extra propylene supply, but some reduction in polypropylene (PP) is also expected. Most buyers are relaxed, however, and do not expect any interruption in supply. Quarter one is not expected to feel much of the effect of the shutdowns, which are expected to impact the second quarter mostly.
Polypropylene (PP) demand was disappointing for some sellers in December, but there was some nervousness over 2019 supply (see supply), so this was expected to have a positive impact on demand, and some stocking was expected to take place. Adversely this could affect demand in the second quarter if no supply issues emerge.
Middle East
PP supply in the Middle East in Q1 is set to increase from Q4 2018 levels as two out of the three producer units who faced outages have resumed normal operations. This, coupled with the seasonal lull during the Lunar New Year in China is likely to dampen prices across regions including the Middle East. Weaker Chinese demand during the holiday may also prompt Middle Eastern sellers to allocate more volumes to other regions.
Demand is likely to strengthen in Q1, as regional processors look to re-stock inventories early in the year. However, the extent to which demand strengthens could be offset by any volatility in crude, and also the introduction of the value added tax (VAT) in Bahrain, as buyers may delay or curb purchases while adjusting to the workflows and paperwork surrounding the new tax regime.
Turkey
Supply levels are likely to deteriorate at the beginning of 2019. There is little in the way of new production and ready materials have been exhausted, as players currently prefer them to fresh imports. An increase in prices in another competing region may see allocations re-directed there, due to poor nature of Turkish demand.
Demand levels are not expected to show any significant increase in the first quarter, although there is hope that the economy should recover to some extent this year, it is expected to be a slow process. Limited availability may force spikes of demand but there is no appetite to buy anything beyond basic requirements.
US
High inventory levels for feedstock propylene indicate that PP supply will continue to improve in the first quarter. Import availability will stay long in the early months of the quarter as previously purchased cargoes will arrive in the US in January and February. Plant issues which plagued the market in 2018 have largely been resolved.
Demand is anticipated to remain largely constant in the first quarter with better demand for domestic material and the resumption of export activity working to balance out seasonal sluggishness during the winter months. Economic growth is expected to remain solid in North America while global growth may slow.
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
Price forecasts – Concise monthly forward-looking market outlook reports, detailing prices, supply & demand and trade for the next 12 months.
Related products
Price history
Price History – More information about the historical price data we publish on Polypropylene
Track historical price data
Specialist reporting
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.
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl 
ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
Find out more about ICIS margin reports >>
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry,
including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Polypropylene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Polypropylene (PP) is one of the most versatile of the bulk polymers. Its intrinsic properties of high stiffness, good tensile strength, good processability and inertness towards acid
Read more…
This document is intended to provide methodology support for customers receiving the ICIS Weekly Margin – PP Asia report.
Read more…
This document is intended to provide methodology support for customers receiving the ICIS Weekly Margin – PP China report.
Read more…
Polypropylene Europe Margin Report Methodology
This document is intended to provide methodology support for customers receiving the ICIS Weekly Margin – PP Europe report.
Read more…
The ICIS Polypropylene (PP) price forecasting model is a brief monthly publication that can be accessed via the Dashboard.
Read more…
The main method of PP manufacture is by using refinery grade propylene (RGP), produced by a refinery, to convert to polymer grade propylene (PGP) through a superfractionation unit.
Read more…
The ICIS Polypropylene (PP) USA price forecast report is a monthly publication that can be accessed via the Dashboard.
Read more…
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.
Olefins
China’s huge January credit increase might be the start of a new round of major credit-fuelled economic stimulus, was the theory we put forward in...
ReadSINGAPORE (ICIS)--Polyolefins demand in India was slow, with buying interest tempered by a myriad of factors ahead of April price announcements,...
ReadMOSCOW ( MRC )--Polypropylene (PP) imports into Russia slumped in the first month of 2019 by 18% year on year to 23,800 tonnes, according to a MRC...
ReadMOSCOW ( MRC )--Stavrolen, Russia’s major polyolefins producer, has resumed its polypropylene (PP) production after an unscheduled shutdown,...
ReadThe 8th ICIS World Polyolefins Conference is the place for you to gain a deeper understanding of regional market flows, emerging opportunities for polyolefins, European regulations, and more, over two full days of content plus an additional training course day. Our high-level speakers come from the full value chain to provide you with varied insight into hot trends in the industry.