Here are the PP Raffia raw material prices for the week of July 08, 2026.
| Grade | Price |
|---|---|
| Raffia Grade | 1090.00 USD/MT |
| Brent Crude | 78.00 USD/bbl |
This week's South Asian PP raffia assessment is $1,090 per tonne, down $40 (3.54%) on the week and down from around $1,305 in early June. Brent crude moved the other way, rising 5.41% to $78 per barrel (When this article was updated).
The split is a matter of timing. Raffia is still working off June's crude weakness, and a sustained move in oil reaches polymer offers only a week or two later. This week's cut reflects where crude was, while Brent is already responding to fresh news: renewed US and Iran strikes over the weekend have cast doubt on the Strait of Hormuz reopening, pulling some war premium back into oil.
For buyers, the steep June falls are largely spent. If crude holds these gains, the run of falling raffia numbers should lose momentum and $1,090 may prove close to a local floor. If the Gulf calms and oil slides again, raffia has further to fall. With an enquiry open, it is a fair moment to check where a supplier sits against $1,090. Further out, watch the weekly print, as the next move looks closer to a coin toss.
Disclaimer: All prices shown are indicative only and are sourced from Platts (S&P Global Commodity Insights) weekly assessments for the South Asian sub-continent. India Pack does not trade in or arrange supply of polypropylene, and accepts no responsibility for procuring PP at any price listed here. This information is provided solely for market awareness and general reference. It does not constitute a trade offer, privileged or confidential market intelligence, or any form of professional, commercial, or procurement advice. Actual transaction prices may differ materially from the indicative figures shown.
This article was produced with the help of AI and may contain errors. AI can make mistakes, so please check any figure independently before acting on it.