Polypropylene Prices Expected to Remain Stable in the USA Amid Steady Propylene Prices
- 24-Nov-2021 4:52 PM
- Journalist: Gabreilla Figueroa
The prices of Polypropylene are expected to remain stable for the upcoming week since the prices of feedstock polymer grade propylene have been stable for the past month and the demand also appears to maintain the current levels. The prices of Polypropylene were assessed at USD 2580 per tonne for PP Copolymer Injection Molding grade, and USD 2495 per tonne for PP Homopolymer Injection Molding grade in the first of week of November. The prices for both the grades have not changed much this month and the prices are expected to remain stable for the upcoming week also.
The prices of polymer grade propylene were assessed at USD 1630 per tonne in the first week of November. The prices of polymer grade propylene have also maintained a stable trend. The demand for Polypropylene is also buoyant and is able to match the supply hence the prices will tend to stabilize around the current levels.
Polypropylene is a thermoplastic and is a colourless solid with a glossy surface. Polypropylene has good resistance to acids, alkalis, inorganic chemicals. It is high impact strength, high softening point, and better stress cracking. Polypropylene has major application in packaging, fibres, and automotive parts. Polypropylene can be extruded for pipes, conduit, wire, and cables. The global Polypropylene demand stood at around 90 million tonnes in 2020 and is expected to grow at a healthy rate of 5.6% in the coming years till 2030.
As per ChemAnalyst, “the prices of Polypropylene are expected to remain flat in the upcoming week since the prices of feedstock propylene are also following a flat trajectory in the USA. The demand for Polypropylene is rising in the USA due to the rising demand of rigid packaging and construction and automotive sectors”