China PP faces heightened risks of a high-price pullback

Source: Mysteel May 26, 2026 14:14

As major easing signals emerge in the Middle East conflict and the potential lifting of the Strait of Hormuz blockade, international oil prices have fallen sharply. As of May 25, ICE Brent crude was quoted at $96.14/bbl, down 7.15% from May 22. Thus, polypropylene (PP), a downstream derivative of crude oil, faces heightened risks of a high-price pullback.

As major easing signals emerge in the Middle East conflict and the potential lifting of the Strait of Hormuz blockade, international oil prices have fallen sharply. As of May 25, ICE Brent crude was quoted at $96.14/bbl, down 7.15% from May 22. Thus, polypropylene (PP), a downstream derivative of crude