China's PP prices surge over 77%, hitting historic high

China's PP prices surged to historic highs in early November, due to soaring geopolitical cost pressure and a significant contraction in domestic supply. Given the following unit shutdowns, PP market will remain firm in the short run.

Polypropylene (PP) raffia prices reached Yuan 11,052/t at the end of October and hit a record high of 11,658/t on November 2, a surge of 87.58% versus the level at the start of the year and 77.47% year-on-year. China's PP Prices in 2025-2026 (Unit: Yuan/t) Source: OilChem The primary catalyst for the