Here are the PP Raffia raw material prices for the week of October 21, 2026.
| Grade | Price |
|---|---|
| Raffia Grade | 1375.00 USD/MT |
| Brent Crude | 108.75 USD/bbl |
View the full PP Raffia price chart and historical data →
Platts PP raffia grade for the Indian sub-continent held at 1375 USD/MT for a third consecutive week, unchanged to the dollar since early October. The grade sits about 6% below April’s 1460 peak and 285 USD/MT above the 1090 low of early July.
Crude has pushed on to a fresh high. Brent rose 3.08% to 108.75 USD/bbl, a third straight weekly gain that now sits above the mid-September spike of 108.50. Over those three weeks oil has climbed about 13% while raffia has not moved at all.
The decoupling has become the defining feature of this market. A crude rally of this length and size would, on the tracker’s history, have lifted resin well clear of 1375 by now. It has not, because polymer supply is ample and downstream demand soft enough to hold offers flat whatever feedstock does. What is new this week is that crude has made a fresh high rather than simply holding, and resin has still not followed, which puts producer margins under real pressure.
Freight has turned back up. Drewry’s World Container Index rose 3% to 4,485 USD per forty-foot container on 15 October, rebounding as cargo flows resumed after China’s Golden Week, led by firmer Asia-Europe rates. The index is back within about 3% of its July peak, so last week’s seasonal dip has reversed and carriers are pushing further increases into late October.
The read ahead centres on how long the gap can hold. With feedstock rising and selling prices flat, producer margins are thin, and that usually resolves in one of two ways. Either resin catches up in a delayed step once producers gain traction, or crude retreats and relieves the squeeze on its own. Soft polymer demand could keep offers capped for a while yet, but the wider the feedstock gap grows, the greater the risk of a sudden resin increase if crude stays high.
For buyers the disconnect still works in their favour, with one change this week. Resin remains flat despite oil at a fresh high, which is unusual and welcome, but freight has climbed back towards its summer level, so delivered cost firmed this week even though the bag price did not. The absence of feedstock pressure on resin reduces the case for rushing, though the stretched gap between crude and resin is now worth watching for a catch-up move. It remains worth confirming which resin position a quote is built on and how long the freight component holds.