Used in reusable containers and automotive components, electric equipment, ropes, carpets and textiles.
The chart above shows the daily end-of-day Platts Global Polypropylene Price Index price in red and also displays the 20-day moving average in blue.
Prices for a second polymer component of the PGPI – polypropylene – rose 5% in January to $1,538 per metric ton (/mt), up from the December average of $1,470/mt, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely used petrochemicals.
The price increase was relatively minor compared to polypropylene’s raw input propylene, which climbed 12% in January.
Next chart: Platts Global Low-Density Polyethylene (LDPE) Price Index
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