Polypropylene Price History & Forecast
Historical Prices in United States, Belgium, China, Thailand & Forecast
About Polypropylene. Polypropylene (also known as PP) is one of the world’s most widely used polymers, second only to polyethylene in terms of global demand. The global market for polypropylene is over 60 million metric tons per year, and it is utilized in a broad and diverse range of end-uses — from injection-molding applications to films and sheets, as well as synthetic raffia and other fibers, among others. Traditionally, the most representative types of propylene polymerization are: slurry or suspension, bulk (or bulk slurry), gas phase and hybrid (uses bulk- and gas-phase polymerization reactors).
Chart Description. The chart above presents indicative transaction prices for bulk quantities of Polypropylene (all grades included) for the countries listed below.
- South Africa: export price, FOB (recent two months are preliminary)
- Brazil: export price, FOB (last month is preliminary + 9-month forecast)
- Belgium: export price, FOB (recent three months are preliminary + 9-month forecast)
- United States: export price, FOB (recent two months are preliminary + 9-month forecast)
- China: ex-works
- Thailand: export price, FOB (recent two months are preliminary + 9-month forecast)
The prices shown are average transaction prices, defined based on data reported in official trade statistics issued by the indicated countries. Such prices are indicative and do not necessarily characterize particular contract prices, spot transactions or spot bids in the locations specified. Rather, they reflect the average values practiced and are treated in order to remove outliers, in cases where significant distortions from historical tendencies are verified. Outlying prices may occur when quantities traded are small, in cases of errors in the trade statistics or price data reported, or when prices between specific countries (or companies in different countries) are differentiated.
When the release of official statistics of a given chemical is delayed, preliminary prices may also encompass estimations made by Intratec. Such estimations are based on prices fluctuations of (i) main raw materials employed in the production of that chemical; and/or (ii) main products manufactured from that chemical.
The forecast prices presented are based on estimates made by Intratec. Such estimates are derived from correlations with forecasts for (i) prices of main raw materials employed in the production of the chemical; (ii) main products manufactured from the chemical; and/or (iii) official industry/economic indexes.
Finally, prices are expressed considering the International Chamber of Commerce’s Incoterms (FOB - Free on Board;; CIF - Cost, Insurance & Freight; C&F - Cost and Freight; DEL - Delivered), which indicate which costs that price includes. Unless otherwise stated, prices do not include Value Added Tax (VAT). All figures are quoted in US dollars per metric ton (USD/mt).
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