Data from Platts, a division of S&P Global Energy, shows that global polypropylene (PP) prices have risen sharply across the board since early March, driven by the ongoing conflict in the Middle East.
Europe
- European PP homopolymer injection grade prices have increased by €220/mt since the start of March.
- As of March 13, spot price (free delivery) for PP homopolymer injection grade in Northwest Europe stood at €1,200/mt.
- On March 11, Platts assessed CFR North Africa PP raffia grade at $1,290/mt, up $190/mt week on week.
- This marks the largest single-week gain since the price assessment launched on March 17, 2021.
- CFR West Africa raffia grade prices have jumped 39% since the conflict began.
- Platts assessed CFR Far East Asia PP injection grade at $1,180/mt, an increase of $330/mt from March 2.
Africa
Asia (Most Significant Increase)
Drivers Behind the Price Surge
The sharp rally is fueled by multiple shocks stemming from the Middle East conflict:
- Tightened supply as regional suppliers suspended quotations.
- Soaring feedstock and energy costs.
- Production cuts at some PP plants in Asia and Europe.
Post time: Mar-17-2026