Here are the PP Raffia raw material prices for the week of November 11, 2026.
| Grade | Price |
|---|---|
| Raffia Grade | 1440.00 USD/MT |
| Brent Crude | 91.50 USD/bbl |
View the full PP Raffia price chart and historical data →
Platts PP raffia grade for the Indian sub-continent held at 1440 USD/MT, unchanged on the week and still within about 1.5% of April’s 1460 peak. For now the grade is sitting at the top of its range, but the ground beneath it has moved.
Crude has fallen hard. Brent dropped 12.02% to 91.50 USD/bbl, its sharpest weekly fall in months, and is now down about 17% from the 109.75 high of late October. Last week’s tentative turn is confirmed. This is a two-week decline rather than a single wobble, and it takes oil back to where it traded in August.
Resin has not followed yet, which is the lag at work. Raffia at 1440 reflects the crude strength of a few weeks ago, when Brent was near 110. With oil now at 91.50, the grade sits well above where the historical relationship would place it, so the gap has opened on the downside and offers have clear room to ease as the drop feeds through.
Freight is pointing the same way. Drewry’s World Container Index slipped 1% to 4,389 USD per forty-foot container on 05 November, a second weekly decline as Transpacific rates softened and Chinese port congestion eased, with the consultancy expecting further falls. Both of the inputs behind the autumn climb are now in retreat together.
The read ahead is that resin should begin to soften over the coming weeks. The qualifier is that offers tend to come down more slowly than they go up, as producers hold prices while margins rebuild, so the easing may be gradual rather than sharp. A rebound in crude from 91.50 would slow it further. On current readings, though, the direction is down, and 1440 looks more like a peak than a level that holds.
For buyers the balance has clearly shifted in their favors. Resin is still at its high, but crude has fallen 17% in a fortnight and freight is easing, so the next move in offers is far more likely down than up. Buyers with flexibility on timing now have reason to wait rather than fix at the top, while those with firm requirements at least face no further increase. It remains worth confirming which resin position a qu ote is built on and how long the freight component holds.