The Propylene Price Trend in Q2 2026 showed a sharp increase across major global markets as geopolitical tensions and the threat of disruption around the Strait of Hormuz affected crude oil, propane, and naphtha supply chains.
Rising feedstock costs pushed prices higher across Europe, Asia, and the Americas. European polymer-grade markets recorded the strongest quarterly gains, while Southeast Asian and Indian markets also experienced substantial increases due to higher export prices from Thailand.
In June 2026, propylene prices corrected across every monitored market after the sharp quarterly rally. European markets recorded some of the steepest monthly declines, while the USA and Mexico also experienced significant pullbacks.
The Propylene Price Chart reflected a strong upward movement followed by a broad correction. Meanwhile, the Propylene Price Index remained influenced by feedstock costs, regional supply conditions, downstream demand, and changes in procurement activity.
Propylene Market Overview in Q2 2026
Propylene is an important petrochemical feedstock used to manufacture polypropylene, propylene oxide, acrylonitrile, and several other industrial chemicals. It supports applications in plastic packaging, automotive components, household products, textiles, coatings, and construction materials. Because propylene production is closely connected to refinery and petrochemical operations, its prices are sensitive to changes in crude oil, propane, and naphtha markets.
During Q2 2026, concerns about crude oil availability and international shipping routes contributed to higher feedstock costs. Producers adjusted offers as production expenses increased, while buyers sought to secure supplies amid uncertainty. These factors strengthened prices across most monitored markets.
Europe recorded particularly strong gains in polymer-grade propylene. Italy increased by approximately 92.30%, the Netherlands by 91.45%, Germany by 89.15%, and Belgium by 88.38% compared with the previous quarter.
In contrast, refinery-grade markets in the Americas experienced more moderate increases, while Asian markets linked to Thai export prices recorded gains of around 58% to 62%.
June brought a widespread correction as buyers adjusted procurement following the sharp increases. The size of the decline varied by market, depending on the previous price rise, local demand, and the supply origin.
Propylene Price Trend in South Korea
South Korea's polymer-grade propylene export prices on an FOB Busan basis increased by approximately 43.58% in Q2 2026. Higher crude oil, propane, and naphtha costs contributed to the increase as concerns about supply disruptions affected international energy markets.
Demand from polypropylene and downstream polymer manufacturers helped support prices during the quarter. Higher production costs were reflected in export valuations as suppliers adjusted offers to changing market conditions.
In June, South Korean prices declined by approximately 15.00% month on month. Buyers adjusted their purchasing activity after the strong quarterly increase, contributing to the correction. This movement demonstrated how a rapid rise in feedstock costs can be followed by a sharp adjustment when procurement behaviour changes.
Propylene Price Trend in China
China's polymer-grade propylene import prices on a CIF Shanghai basis, sourced from South Korea, increased by approximately 43.17% in Q2 2026. Higher South Korean export prices passed through to Chinese import valuations as crude oil, propane, and naphtha supply concerns raised feedstock costs.
Demand from polypropylene and other downstream polymer buyers remained supportive during the quarter. Import prices climbed as suppliers passed on higher costs and buyers faced more expensive replacement material.
In June, prices declined by approximately 14.52% month on month. The correction reflected changes in procurement activity after the quarterly rally. Since China relied on South Korean material for this particular benchmark, movements in the exporting market played an important role in determining its landed import costs.
Propylene Price Trend in the Netherlands
The Netherlands recorded one of the strongest increases among the monitored markets. Domestic polymer-grade prices on an FD Rotterdam basis surged by approximately 91.45% in Q2 2026.
Higher crude oil, propane, and naphtha costs increased pressure on the petrochemical supply chain. Strong demand from polypropylene and downstream polymer buyers also helped maintain elevated prices during the quarter.
In June, Dutch prices declined by approximately 28.27% month on month, representing one of the sharpest corrections across the monitored markets. The decline followed the exceptional quarterly rise as buyers adjusted procurement and the market moved away from its earlier peak.
The Dutch market's movements were especially important for neighbouring European markets, where changes in regional supply costs and domestic trading conditions influenced prices.
Propylene Price Trend in Germany
Germany's polymer-grade propylene prices on an FD Hamburg basis, linked to supplies from the Netherlands, increased by approximately 89.15% in Q2 2026.
Higher Dutch prices passed through into German market valuations. Rising crude oil and feedstock costs added further pressure, while demand from polypropylene and downstream polymer manufacturers supported elevated prices.
In June, German prices declined by approximately 27.34% month on month. The correction reflected a change in procurement activity following the sharp quarterly increase. Since the benchmark was linked to Dutch supply, developments in the Netherlands remained an important factor affecting German prices.
Propylene Price Trend in Belgium
Belgium's domestic polymer-grade propylene prices on an FD Antwerp basis increased by approximately 88.38% in Q2 2026. Higher feedstock costs and concerns about international supply availability contributed to the strong increase.
Demand from polypropylene and downstream polymer buyers supported the market, while rising crude oil, propane, and naphtha costs influenced supplier offers.
In June, Belgian prices declined by approximately 27.73% month on month. The decrease followed the sharp quarterly rise as buyers adjusted purchasing decisions. The price movement highlighted the sensitivity of the European propylene market to changes in feedstock expenses and procurement activity.
Propylene Price Trend in Thailand
Thailand's polymer-grade propylene export prices on an FOB Laem Chabang basis increased by approximately 62.39% in Q2 2026.
Concerns about crude oil and feedstock availability raised production costs, while steady demand from polypropylene and downstream polymer manufacturers supported higher prices. Thailand's export prices also influenced several regional import markets that depended on Thai-origin material.
In June, Thai prices declined by approximately 11.09% month on month. Although the decline was substantial, it was smaller than the corrections recorded in several European markets. The change in Thai export prices was important for importers in India, Indonesia, Singapore, and Malaysia.
Propylene Price Trend in Indonesia
Indonesia's polymer-grade propylene import prices on a CIF Jakarta basis, sourced from Thailand, increased by approximately 59.54% in Q2 2026.
Higher Thai export prices passed through to Indonesian import valuations as crude oil, propane, and naphtha supply concerns increased feedstock costs. Demand from polypropylene and downstream polymer buyers helped maintain elevated prices during the quarter.
In June, Indonesian prices declined by approximately 10.64% month on month. The correction followed the rise in Thai export prices and reflected changes in purchasing activity. As an import market, Indonesia remained sensitive to price movements at the supply origin and the cost of bringing material into the country.
Propylene Price Trend in Singapore
Singapore's polymer-grade propylene import prices on a CIF basis increased by approximately 60.48% in Q2 2026, with Thailand serving as the supply origin for the monitored benchmark.
Higher Thai export valuations raised import costs, while crude oil and feedstock supply concerns supported the quarterly increase. Demand from polypropylene and downstream polymer manufacturers also contributed to the firm market.
In June, Singapore's prices declined by approximately 11.06% month on month. The movement followed the correction in Thai export prices and changing procurement activity among regional buyers.
Because Singapore's benchmark reflected imported material, changes in origin prices were an important influence on its overall Propylene Price Trend.
Propylene Price Trend in Malaysia
Malaysia's polymer-grade propylene import prices on a CIF Port Klang basis, sourced from Thailand, increased by approximately 58.33% in Q2 2026.
Higher Thai export prices and rising feedstock costs contributed to the increase. Demand from polypropylene and downstream polymer buyers supported the market during the quarter, while higher supplier offers raised import replacement costs.
In June, Malaysian prices declined by approximately 10.70% month on month. The decrease reflected the correction in Thai-origin material and changes in procurement activity. The market's performance demonstrated how international feedstock conditions can influence import-dependent buyers across Southeast Asia.
Propylene Price Trend in Japan
Japan's polymer-grade propylene export prices on an FOB Tokyo basis increased by approximately 54.49% in Q2 2026.
Higher crude oil, propane, and naphtha costs supported the increase as concerns about international supply disruptions affected the petrochemical sector. Demand from polypropylene and downstream polymer manufacturers also helped maintain elevated export valuations.
In June, Japanese prices declined by approximately 14.86% month on month. The correction followed the sharp quarterly rise as buyers adjusted procurement. The movement reflected the broader regional trend of rising prices during Q2 followed by weaker valuations in June.
Propylene Price Trend in Italy
Italy recorded the largest quarterly increase among the monitored markets, with domestic polymer-grade prices on an FD Genoa basis rising by approximately 92.30% in Q2 2026.
Higher crude oil, propane, and naphtha costs significantly increased feedstock expenses. Demand from polypropylene and downstream polymer manufacturers helped support elevated prices as suppliers adjusted offers to the changing cost environment.
In June, Italian prices declined by approximately 27.69% month on month. The sharp correction followed the exceptional quarterly increase and reflected changes in purchasing activity. Despite the monthly decline, Italy remained one of the markets with the strongest overall quarterly price movement.
Propylene Price Trend in France
France's polymer-grade propylene prices on an FD Le Havre basis increased by approximately 86.23% in Q2 2026.
Rising crude oil and feedstock costs influenced supplier pricing, while demand from polypropylene and downstream polymer buyers supported the market. Higher production costs and supply uncertainty contributed to the strong quarterly increase.
In June, French prices declined by approximately 26.52% month on month. The correction followed the sharp rally as buyers adjusted procurement and market conditions changed. France's performance reflected the broader European pattern of substantial quarterly increases followed by significant monthly declines.
Propylene Price Trend in Saudi Arabia
Saudi Arabia's polymer-grade propylene export prices on an FOB Jeddah basis increased by approximately 44.19% in Q2 2026.
Concerns about crude oil, propane, and naphtha supply chains raised production costs, while steady demand from polypropylene and downstream polymer manufacturers supported higher export valuations.
In June, prices declined by approximately 14.21% month on month. The correction reflected changes in procurement activity following the quarterly rise. Saudi Arabian prices showed a substantial increase, although the movement was less pronounced than in the major European polymer-grade markets.
Propylene Price Trend in Taiwan
Taiwan's polymer-grade propylene export prices on an FOB Kaohsiung basis increased by approximately 49.04% in Q2 2026.
Higher feedstock costs and supply uncertainty supported stronger export valuations during the quarter. Demand from polypropylene and downstream polymer buyers also helped maintain elevated prices.
In June, Taiwanese prices declined by approximately 10.05% month on month. The decline reflected procurement adjustments after the strong quarterly increase. Taiwan's market followed the broader Asian pattern of higher Q2 prices followed by a correction during June.
Propylene Price Trend in India
India's polymer-grade propylene import prices on a CIF Nhava Sheva basis, sourced from Thailand, increased by approximately 61.39% in Q2 2026.
Higher Thai export prices passed through to Indian import valuations as crude oil, propane, and naphtha supply concerns raised feedstock costs. Demand from polypropylene and downstream polymer buyers helped maintain elevated prices through the quarter.
In June, Indian prices declined by approximately 10.65% month on month. The correction reflected the decline in Thai-origin prices and adjustments in buyer procurement. Since this benchmark tracked imports from Thailand, export prices at the origin remained an important factor in India's landed propylene costs.
Propylene Price Trend in the USA
The USA's polymer-grade propylene export prices on an FOB Houston basis increased by approximately 42.13% in Q2 2026.
Higher crude oil, propane, and naphtha costs contributed to the quarterly increase as concerns about supply disruptions affected the energy and petrochemical markets. Demand from polypropylene and downstream polymer buyers supported elevated prices.
In June, US prices declined by approximately 20.62% month on month. The correction was larger than the declines recorded in several Asian markets, reflecting the adjustment after the quarterly increase. FOB Houston remained an important benchmark for assessing American export prices and their influence on nearby import markets.
Propylene Price Trend in Mexico
Mexico's polymer-grade propylene import prices on a CIF Manzanillo basis, sourced from the USA, increased by approximately 39.02% in Q2 2026.
Higher US export prices passed through into Mexican import valuations as feedstock costs increased. Demand from polypropylene and downstream polymer buyers supported the market during the quarter.
In June, Mexican prices declined by approximately 19.47% month on month. The correction reflected lower valuations following the strong quarterly rise and adjustments in procurement activity. Since Mexico's monitored benchmark relied on US-origin material, changes in FOB Houston prices were central to its import cost movements.
Propylene Price Trend in Colombia
Colombia's polymer-grade propylene import prices on a CIF Barranquilla basis, sourced from the USA, increased by approximately 39.35% in Q2 2026.
Higher US export prices and rising feedstock costs contributed to the quarterly increase. Demand from polypropylene and downstream polymer buyers supported elevated import valuations during the period.
In June, Colombian prices declined by approximately 18.22% month on month. The correction followed the increase in Q2 as buyers adjusted procurement and prices at the US supply origin eased. The market's performance demonstrated the influence of export prices on import-dependent destinations.
Propylene Price Chart and Price Index Analysis
The Propylene Price Chart for Q2 2026 showed a strong upward movement across all monitored markets, followed by a broad correction in June. European polymer-grade markets experienced the largest quarterly increases, with Italy, the Netherlands, Germany, and Belgium recording gains close to or above 88%.
Asian markets linked to Thai export prices also posted substantial increases. India rose by 61.39%, Indonesia by 59.54%, Singapore by 60.48%, and Malaysia by 58.33%. Meanwhile, the USA and South Korea recorded more moderate increases compared with the strongest European markets.
The Propylene Price Index reflected changes in feedstock costs, supplier offers, regional demand, and import dependence. Markets using Thai-origin material were closely affected by changes in Thailand's export prices, while Germany's benchmark tracked Dutch prices and Mexico and Colombia followed US export valuations.
June's correction showed that the scale of the quarterly increase did not necessarily determine the size of the monthly decline. European markets experienced especially sharp pullbacks, while Thailand and several Southeast Asian import markets recorded smaller corrections. These differences highlight the importance of evaluating individual regional benchmarks instead of relying only on a single global price indicator.
Key Factors Affecting the Propylene Price Trend
Crude Oil, Propane, and Naphtha Costs
Propylene prices are influenced by the cost and availability of key feedstocks. During Q2 2026, geopolitical tensions and concerns about the Strait of Hormuz increased uncertainty around crude oil, propane, and naphtha supply chains. Higher feedstock expenses contributed to stronger propylene prices across the monitored markets.
Geopolitical Tensions and Supply Disruptions
Concerns about shipping routes and international energy availability increased market uncertainty. These risks affected supplier pricing and encouraged some buyers to secure material amid concerns about replacement costs. As conditions changed in June, prices corrected across all monitored markets.
Polypropylene and Downstream Demand
Polypropylene and other downstream polymer manufacturers are important propylene consumers. Their purchasing activity influences market demand. Steady demand helped support prices during Q2, while changes in procurement contributed to the June correction.
Regional Supply and Import Dependence
Price movements differed according to supply origin. India, Indonesia, Singapore, and Malaysia tracked Thai export prices, while Mexico and Colombia followed US-origin material. Such dependence means that changes in export valuations can pass through into import costs, with differences arising from freight and local market conditions.
Procurement Activity and Market Corrections
After a sharp increase, buyers may adjust order volumes, use existing inventories, or delay purchases. These decisions can contribute to price corrections even when production costs remain elevated. The June declines across all monitored markets demonstrated the importance of procurement behaviour in short-term price movements.
Propylene Price Forecast and Market Outlook
The future direction of Propylene Price Forecast will depend on crude oil, propane and naphtha costs, regional production conditions, downstream polymer demand, and international trade flows. The sharp increase in Q2 2026 followed by the broad June correction shows how quickly the market can respond to changes in feedstock costs and buyer behaviour.
If feedstock prices remain elevated and polypropylene demand stays firm, propylene prices may receive renewed support. However, weaker purchasing activity, improved supply availability, or continued inventory adjustments could limit increases and contribute to further corrections.
Regional differences are likely to remain important. European prices may respond differently from Asian markets because of their supply structures and the scale of their earlier increases. Import-dependent markets will also remain sensitive to price changes at their principal origins.
Businesses should monitor the Propylene Price Trend, Propylene Prices, Propylene Price Chart, and Propylene Price Index alongside origin-specific export and import benchmarks. Tracking these indicators can help procurement teams understand cost movements, compare sourcing options, and plan purchases in response to changing market conditions.
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About Price Watch™
Price Watch™ is an India-based, independent raw material price reporting agency that provides real-time price forecasts and data-driven insights into global raw material markets. Price Watch™ specializes in tracking raw material prices, analyzing market trends, and delivering timely updates on plant shutdowns, supply disruptions, capacity expansions, and demand-supply dynamics. The Price Watch™ platform empowers manufacturers, traders, and procurement professionals to make faster, smarter decisions. Leveraging AI-powered forecasting and over a decade of historical data, Price Watch™ transforms market volatility into actionable opportunity.
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