Here are the PP Raffia raw material prices for the week of July 29, 2026.
| Grade | Price |
|---|---|
| Raffia Grade | 1250.00 USD/MT |
| Brent Crude | 82.00 USD/bbl |
View the full PP Raffia price chart and historical data →
Platts assessed PP raffia grade for the Indian sub-continent at 1250 USD/MT, up 75 USD/MT on the week (+6.38%). That is a third straight weekly gain and takes raffia 160 USD/MT above the 1090 low of 08 July, a 14.7% recovery in three weeks. The grade now sits about 14% below April's 1460 peak.
The week's talking point is the split from crude. Brent fell 10.38% to 82.00 USD/bbl, giving back most of its mid-July gain, yet raffia climbed. This is a timing effect rather than a break in the relationship. Resin is still catching up to the crude strength of the previous fortnight, when Brent ran from 74 to 91.50. Polymer offers track where feedstock was two to four weeks earlier, not where it stands today.
That same lag frames the read ahead. With crude now rolling over, resin firmness is likely to fade through August if Brent holds near current levels. This week's rise looks late-cycle rather than the start of a fresh leg up.
Brent has bounced about 4.5% since Tuesday's assessment. The near-term resin call is unaffected — polymer is still tracking late-July crude strength on the usual lag — but it tempers the medium-term softening view. Watch whether the recovery extends.
For buyers the picture is more balanced than a week ago. Resin is still rising but likely near its peak on current crude. Offers written for comming week carry the strongest resin cost of the quarter, so where timing allows it is worth understanding which feedstock position a quote is built on before treating this number as the new floor.