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Indicative price brief for Polypropylene Homopolymer - India. Methodology: trade publications, broker reports, and industry sources reviewed by Nexchem. This is directional intelligence, not a regulated benchmark assessment.

NXP-SC-054 Olefins & Polyolefins India India domestic (INR/MT) and import CFR Updated June 2026

Polypropylene Homopolymer - India
Price Intelligence Report

India domestic and CFR India polypropylene raffia, injection moulding, and film grade pricing. Reliance Industries and GAIL domestic capacity tracker, India PP import dependency, Middle East Hormuz disruption impact on CFR India supply, woven sack and FIBC demand from agricultural sector, and 3-scenario price outlook. Published monthly.

India is simultaneously the fastest-growing PP consuming market globally at approximately 8% to 9% per year and among the most import-dependent major markets at approximately 35% of demand met by imports - and the Hormuz closure disrupting Middle Eastern PP supply from SABIC and Borouge is affecting Indian import pricing at the precise moment when domestic capacity from Reliance and GAIL is insufficient to absorb the import gap.

India - India Domestic Spot
INR 96,400/MT
India Domestic · Raffia Grade · June 2026
▲ +INR 6,800 (+7.6% vs June 2025)
MT / (Jan 2026)12-Month RangeINR 102,000/ (Oct 2025)
12-Month High
INR 102,000/
Oct 2025
12-Month Low
MT /
Jan 2026
Annual Subscription
USD 4,900
USD 408/mo equiv · 17% saving
Used by
🏢Corporate strategy and procurement teams
💼Private equity and venture capital investors
🔬Chemical and materials R&D teams
📊Management and strategy consultants
🏦Investment banking and M&A advisory
Report Contents - 9 Sections~14 pages · PDF + Excel
01
Market Metrics
Current spot price, 12-month high and low, year on year change, and the key spread indicator - feedstock or conversion margin - that drives near-term pricing direction
02
Price by Grade
Full grade-level price table covering all commercial grades with Q2 2026 versus Q2 2025 comparison, direction indicator, and basis notation
Full data in paid report
03
Supply and Demand
Regional supply and demand balance for 2024 actual, 2025 estimated, and 2026 to 2027 forecast - production volumes, import dependency by origin, operating rates, and key capacity events
Full data in paid report
04
Capacity Atlas
Site-level producer table covering company, facility location, nameplate capacity in KT per year, production technology, current operating status, and analyst notes on reliability and qualification risk
Full data in paid report
05
Trade Flows
Import and export volume data by origin and destination with Hormuz disruption risk rating, vessel transit times, and freight cost comparison across supply routes
Full data in paid report
06
Margin Analysis
Feedstock cost and gross margin decomposition by production route - NWE naphtha versus Middle East ethane versus USGC ethane versus Chinese coal - with sensitivity table
Full data in paid report
07
Price Drivers
3 to 4 named drivers ranked by near-term price impact with quantified supply or cost effect per driver, driver-specific timeline, and risk rating
Full data in paid report
08
Forward Scenarios
Bull, Base, and Bear price ranges for Q3 2026, Q4 2026, and Q1 2027 with probability weighting, key assumptions, scenario trigger events, and a procurement recommendation for each case
Full data in paid report
09
Analyst Perspectives
Nexchem Intelligence analyst field intelligence on supply shortages, alternative source qualification timelines, geopolitical friction, and pricing pressure specific to this market
Full data in paid report
Active Supply and Market Alerts2 Active Alerts
HIGH
Middle East PP Import Disruption - India 35% Import Dependency Exposed - India meets approximately 35% of PP demand from imports, with Middle Eastern producers SABIC and Borouge as primary sources. Hormuz closure has reduced Middle Eastern PP availability for Indian import buyers, requiring alternative sourcing from South Korea, China, and the US Gulf Coast at higher delivered cost. Indian PP import prices are elevated by approximately USD 42 to USD 66 per metric tonne versus pre-disruption Middle Eastern delivered cost.
INFO
Reliance Industries PP - Domestic Capacity Running at Full Rate - Reliance Industries at Jamnagar Gujarat and GAIL India at Pata Uttar Pradesh are operating at maximum capacity rates to serve Indian domestic demand. Reliance PP capacity of approximately 1.4 million MT per year and GAIL capacity of approximately 480 KT per year together supply approximately 65% of Indian domestic PP demand at current operating rates.
Price by Grade - Q2 2026 vs Q2 2025Preview · 2 of 6 grades shown
Grade / ProductRegion / BasisQ2 2026Q2 2025Direction
PP Raffia Grade India DomesticIndia domestic INR/MTINR 96,400/MTINR 89,600/MT↑ Rising
PP Injection Moulding DomesticIndia domestic INR/MTINR 100,800/MTINR 93,600/MT↑ Rising
PP Film Grade DomesticIndia domestic INR/MTINR 103,200/MTINR 95,800/MTRising
PP CFR India Import SpotCFR India USD/MTUSD 868/MTUSD 802/MTRising
Middle East PP FOB ref.FOB Saudi/UAEUSD 824/MTUSD 786/MTRising
PP China Export FOB ref.FOB ChinaUSD 822/MTUSD 848/MTFalling
Full grade price table in paid report  ·  Subscribe from USD 4,900/yr
Supply and Demand - Market ContextPreview · Full data in paid report

Indian PP supply is produced domestically by Reliance Industries at Jamnagar with approximately 1.4 million MT per year - the largest Indian PP producer by a significant margin - and GAIL India at Pata Uttar Pradesh with approximately 480 KT per year. Indian domestic production at approximately 1.88 million MT per year covers approximately 65% of Indian demand of approximately 2.9 million MT per year in 2026, leaving approximately 1.02 million MT per year to be sourced from imports. The Middle Eastern import fraction accounts for approximately 480 to 520 KT per year under normal conditions, which the Hormuz disruption has reduced significantly and is being replaced by Korean, Chinese, and USGC supply at higher delivered cost. Demand for Polypropylene Homopolymer in India is primarily from polymer derivative producers operating integrated chains, with pricing determined by derivative plant operating rates, feedstock cost differentials between naphtha and ethane-based producers, and competitive import pressure from low-cost Middle Eastern and US Gulf Coast producers. India 35% Import Dependency Exposed - India meets approximately 35% of PP demand from imports, with Middle Eastern producers SABIC and Borouge as primary sources. Hormuz closure has reduced Middle Eastern PP availability for Indian import buyers, requiring alternative sourcing . In the current 2026 supply and demand environment, Polypropylene Homopolymer pricing in India reflects both structural market conditions and active geopolitical supply chain disruption.

The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For Indian domestic PP, the Hormuz disruption is a direct import supply shock - SABIC and Borouge Middle Eastern PP that normally supplies approximately 35% to 40% of Indian PP import volumes is disrupted, requiring replacement from more expensive and more distant alternative sources. India is one of the few PP markets where the combination of high import dependency and price-sensitive demand creates genuine demand destruction risk if the supply disruption and associated cost elevation persist beyond Q3 2026. Domestic Capacity Running at Full Rate - Reliance Industries at Jamnagar Gujarat and GAIL India at Pata Uttar Pradesh are operating at maximum capacity rates to serve Indian domestic demand. Reliance PP capacity of app.

🔒 Full supply and demand balance table - 2024 actual to 2027 forecast with producer operating rates, import dependency by source, and key capacity events - available in the paid report.
YoY Price Change
+7.6%
vs June 2025 · June 2026 basis
12-Month Range
MT / - INR 102,000/
Jan 2026 low · Oct 2025 high
Report Subscription
USD 4,900/yr
Monthly PDF + Excel · 9 sections
Field Context - India
The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For Indian domestic PP, the Hormuz disruption is a direct import supply shock - SABIC and Borouge Middle Eastern PP that normally supplies approximately 35% to 40% of Indian ...
Report Format PreviewPDF · ~14 pages · Navy structured layout

The paid report is a professionally formatted PDF with structured sections, colour-coded grade price tables, alert boxes, capacity atlas tables, a 3-scenario price outlook, and analyst cards. The accompanying Excel file contains all price data in editable format for direct integration into procurement models.

🔒
Sample page visible after subscription

Full report preview available after subscription. Illustrative mock shown above.

Analyst PerspectivesNexchem Intelligence Analysts

Every Nexchem Intelligence price report includes field-level analyst commentary covering supply shortages, qualification timelines, geopolitical friction, and pricing pressure - not generic market narrative. Nexchem analysts are active in the market and attribute all field intelligence to verifiable primary sources.

NX
Nexchem Intelligence Analyst
Head of Petrochemicals & Specialty Chemicals
Nexchem Intelligence Analyst · Field intelligence · Procurement contacts
"India PP import dependency at 35% with Middle Eastern supply as the primary import source makes India one of the most directly affected PP consuming markets from the Hormuz closure - not because India has no alternatives, but because replacing Middle Eastern supply with Korean, Chinese, or USGC supply adds USD 42 to USD 66 per metric tonne to delivered cost that flows directly into domestic pricing in a market where purchasing power is more price-sensitive than European or North American markets."
Nexchem Procurement View
Extended perspective and procurement recommendation locked - available in paid report
Extended analyst perspective in paid report
NX
Nexchem Intelligence Analyst
Head of Advanced Materials & Green Chemicals
Nexchem Intelligence Analyst · Field intelligence · Procurement contacts
"The India PP market in 2026 illustrates why the Hormuz disruption has a more complex impact in import-dependent developing markets than in self-sufficient developed ones - India cannot simply absorb higher domestic prices without demand destruction in price-sensitive woven sack and agricultural film applications, creating a demand elasticity dynamic that does not exist in European automotive or packaging applications."
Nexchem Materials Intelligence View
Extended perspective and procurement recommendation locked - available in paid report
Extended analyst perspective in paid report
Forward Price Scenarios - H2 2026 to Q1 2027Bull · Base · Bear

The paid report includes full scenario assumptions, quarterly price ranges for Q3 2026, Q4 2026, and Q1 2027, probability weighting for each scenario, and a procurement recommendation tailored to each case - covering what to do if the bull case materialises, what to hedge in the base case, and how to protect exposure in the bear case.

Bull Case
INR 104,000 - 112,000
Q3 2026 · 25% probability
Full scenarios in paid report
Base Case
INR 92,000 - 100,000
Q3 2026 · 50% probability
Full scenarios in paid report
Bear Case
INR 78,000 - 86,000
Q3 2026 · 25% probability
Full scenarios in paid report
2026 Geopolitical Supply Chain ContextHormuz · US-Iran · Iranian Methanol

The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For Indian domestic PP, the Hormuz disruption is a direct import supply shock - SABIC and Borouge Middle Eastern PP that normally supplies approximately 35% to 40% of Indian PP import volumes is disrupted, requiring replacement from more expensive and more distant alternative sources. India is one of the few PP markets where the combination of high import dependency and price-sensitive demand creates genuine demand destruction risk if the supply disruption and associated cost elevation persist beyond Q3 2026.

Who Uses This ReportProcurement · Strategy · Investment
🏭
Procurement and Supply Chain Teams
Category managers and procurement directors tracking feedstock costs, qualifying alternative suppliers, benchmarking contract pricing against current market levels, and managing supply disruption risk across chemical and materials categories.
📈
Corporate Strategy and Planning Teams
Strategy analysts and planning teams at chemical producers, converters, and downstream manufacturers building market sizing models, supply chain risk assessments, and competitive cost benchmarks across geographies and production routes.
💼
Private Equity and Venture Capital
Investment teams evaluating chemical sector acquisitions, monitoring portfolio company commodity exposure, conducting raw material due diligence for manufacturing investments, and assessing supply chain risk in chemical-intensive sectors.
🔍
Management Consultants and Advisors
Consulting teams advising clients on procurement strategy, supply chain transformation, cost benchmarking, commodity market exposure, and sourcing strategy across chemical, materials, and manufacturing sectors globally.
How We Collect Price IntelligenceMethodology · Sources · Limitations
Step 01
Primary Intelligence Collection
Price intelligence compiled from procurement contacts, trade desk conversations, and industry event attendance across key trading hubs including Rotterdam, Houston, Singapore, and Shanghai. Primary contacts include producers, converters, traders, and logistics providers active in each market.
Step 02
Trade Press Triangulation
Cross-referenced against trade press monitoring covering sector-specific publications and exchange data to calibrate directional accuracy and identify outliers. Where primary data differs from published benchmarks, discrepancies are noted and investigated before publication.
Step 03
Analyst Review and Estimation
Reviewed and validated by Nexchem Intelligence analysts with sector coverage experience. Where primary data is unavailable, figures are clearly labelled as Nexchem Intelligence estimates. Not a price assessment. Not for contract settlement or derivative pricing.

Important: Nexchem Intelligence price reports are indicative price intelligence, not price assessments. We are not a Price Reporting Agency and our prices are not IOSCO-compliant. For contract settlement, mark-to-market valuation, or derivative pricing, use ICIS, Argus, or S&P Global Platts. Our reports are for procurement strategy, supply chain planning, and market analysis only.

Frequently Asked Questions6 Questions
What format does the report come in?
The report is delivered as a PDF file and an accompanying Excel data file. The PDF is approximately 14 pages and includes all 9 sections with colour-coded tables, alert boxes, analyst cards, and a navy geopolitical context panel. The Excel file contains all price data tables in editable format for direct integration into procurement and financial models. Both are emailed to your registered address within 2 hours of subscription confirmation.
How often is this report updated?
Price intelligence reports are updated monthly. Annual subscribers receive a new edition automatically each month at no additional cost. The price tables reflect the most recent month available - currently June 2026 (Q2 2026 edition). Special alert updates are issued between monthly editions when a HIGH severity supply disruption occurs that materially changes the market outlook.
Is this an official price assessment like ICIS or Argus?
No. Nexchem Intelligence price reports are indicative price intelligence for procurement strategy and supply chain planning. They are not price assessments produced by an IOSCO-regulated Price Reporting Agency. They should not be used for contract settlement, mark-to-market valuation, financial reporting, or derivative pricing. For those applications, ICIS or Argus are the appropriate sources. Our differentiation is analyst depth and geopolitical context, not regulatory price assessment methodology.
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Annual subscriptions are non-refundable after delivery of the first report. Monthly subscriptions can be cancelled at any time before the next billing date with no further charges. Enterprise and bundle subscriptions are governed by the terms in your subscription agreement. Contact [email protected] for any subscription queries.
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Single SKU subscriptions include 1 user seat. Analyst bundle subscriptions (5 SKUs) include 3 user seats. Procurement bundle (15 SKUs) includes 5 seats. Professional and Enterprise plans include 10 and unlimited seats respectively. Organisation-wide distribution rights are available under Enterprise licensing. Contact [email protected] to discuss multi-seat and site licence arrangements.
What sources do you use for price data?
Primary sources include procurement contacts at producers, converters, and trading companies active in each market; trade press monitoring; and analyst estimates based on public data including company reports, government agency data, and trade body statistics. We do not cite or rely on syndicated market research firms (Grand View Research, Mordor, IMARC, Statista, McKinsey, Gartner, IDC). We do not use AI-generated market data. All source data is primary and independently verified where possible.
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Report Details
SKU IDNXP-SC-054
PublishedQ2 2026 · June
FormatPDF + Excel
Pages~14 pages
Update cycleMonthly
DeliveryWithin 2 hours
LanguageEnglish
Included in every plan
Monthly price brief - PDF + Excel
Grade-level price breakdown - all commercial grades
Supply and demand commentary with operating rates
Capacity atlas - site-level producer detail
Trade flow intelligence with Hormuz risk rating
Feedstock and production margin analysis
3-scenario forward price outlook to Q1 2027
Analyst perspectives - Kellner and Venkat
Procurement recommendation per scenario
Weekly disruption alerts (Procurement plan+)
API data delivery (Professional plan+)
Dedicated analyst access (Enterprise only)
Methodology disclaimer: Nexchem Intelligence price reports contain indicative price intelligence compiled from primary procurement contacts, trade press monitoring, and analyst estimates. These are not price assessments in the IOSCO-regulated sense and are not produced by a Price Reporting Agency. Do not use for contract settlement, mark-to-market valuation, financial reporting, or derivative pricing. All figures are estimates. Where primary data is unavailable, figures are labelled as Nexchem Intelligence estimates. Nexchem Intelligence accepts no liability for decisions made on the basis of this report.
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