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China PP prices repeatedly hit 5-year lows amid supply-demand tug

Source: Mysteel Oct 17, 2025 10:13
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PP Demand Price Supply
China's polypropylene (PP) spot prices continued to set new 5-year lows in October. By October 15, East China homo-injection grade fell to Yuan 6,578/tonne, down 14% year-on-year, according to OilChem. The repeated lows stem from overlapping pressures: supply-demand imbalance, cost pressure, and substitute competition. The key market question remains:

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