For the Quarter Ending December 2025
North America
• In the United States, the Polypropylene glass filled compound (PPGF) Price Index declined quarter-over-quarter, reflecting weak downstream demand and healthy inventory levels.
• PPGF Spot Price softened in December as import parity eased and distributors offered competitive pricing to clear stocks.
• PPGF Price Forecast indicates modest recovery potential in early 2026 as automotive restocking and seasonal demand pick up.
• PPGF Production Cost Trend edged higher with firmer naphtha and propylene costs, slightly compressing compounder margins.
• PPGF Demand Outlook remained muted as OEMs and converters continued cautious buying, delaying replenishment.
• Price Index volatility reflected limited export inquiries, high domestic inventories, and strategic seller discounting.
• No significant plant outages were reported; steady operating rates ensured supply continuity, supporting a stable market despite price softness.
Why did the price of PPGF change in Q4 2025 in North America?
• Robust domestic inventories and competitive import volumes maintained ample supply, enabling sellers to offer discounted pricing.
• Year-end destocking by automotive and packaging converters reduced immediate demand, keeping spot prices under pressure.
• Firm naphtha-driven PPGF costs pressured margins, but weak downstream buying limited the ability to pass on cost increases.
APAC
• In India, the Polypropylene glass filled compound (PPGF) Price Index fell by 10.86% quarter-over-quarter, reflecting weaker demand and abundant inventories.
• The average PPGF price for the quarter was approximately USD 1309.38/MT, reported by industry sources.
• PPGF Spot Price showed volatility while the Price Index signalled downward pressure on resin feedstock.
• PPGF Price Forecast indicates marginal recovery potential as processors anticipate restocking and automotive demand pickup.
• PPGF Production Cost Trend edged higher on firmer naphtha and propylene, compressing compounder margins industrywide.
• PPGF Demand Outlook remains muted with cautious OEM buying, delayed restocking and destocking limiting volumes.
• Price Index reflected seller behaviour as high inventories and weak export demand pressured ex-Mumbai offers.
• No major plant outages reported; steady rates supported supply continuity, keeping sellers aggressive on pricing.
Why did the price of PPGFchange in December 2025 in APAC?
• Abundant domestic resin availability and glass fibre imports kept supply ample, enabling aggressive discounting into December.
• Downstream year-end destocking and subdued automotive, electronics buying reduced immediate demand, suppressing spot and contractual pricing.• Firmer naphtha-driven propylene costs compressed compounder margins, yet sellers absorbed increases amid weak procurement and inventories.
Europe
• In Europe, the PPGF Price Index fell quarter-over-quarter, amid abundant inventories and muted end-user consumption.
• PPGF Spot Price remained under downward pressure as regional imports and trade flows offered competitive alternatives to domestic resin.
• PPGF Price Forecast suggests limited near-term upside, with potential stabilization expected from automotive restocking and mild seasonal demand.
• PPGF Production Cost Trend remained elevated due to firm propylene and energy costs, limiting margin expansion for converters.
• PPGF Demand Outlook stayed weak as packaging, automotive, and electronics sectors postponed purchases and drew down inventories.
• Price Index reflected the balance between high inventories, steady domestic output, and competitive import offers limiting upward pricing.
• No major production interruptions occurred; plants operated at normal rates, maintaining supply stability.
Why did the price of PPGF change in Q4 2025 in Europe?
• Large domestic stock levels combined with steady import flows kept supply abundant, allowing sellers to offer lower prices.
• Cautious buying and destocking by converters reduced spot and contractual demand, maintaining downward pressure.
• Elevated propylene and energy costs pressured production margins but were largely absorbed by producers due to weak downstream demand.
For the Quarter Ending September 2025
North America
• The Price Index for polypropylene glass filled compound in North America remained largely stable throughout Q3 2025. Marginal fluctuations were observed due to feedstock volatility and production adjustments, particularly in the automotive and consumer goods sectors.
• Spot Price activity showed mild firmness in September, supported by steady procurement from automotive component manufacturers and industrial part suppliers. Prices hovered within a narrow range, reflecting cautious buying and inventory corrections.
• Prices increased slightly in September due to stronger demand from the automotive sector, which uses polypropylene glass filled compounds in under-the-hood components, bumpers, and structural parts. Rising propylene feedstock costs and freight adjustments also contributed to the upward pressure.
• The Production Cost Trend remained moderately elevated, driven by upstream propylene price movements and energy tariffs. However, improved operational efficiency and domestic sourcing helped producers manage margins effectively.
• The Demand Outlook for polypropylene glass filled compound in North America was mixed. While automotive, electrical housings, and industrial applications showed resilience, consumer goods and custom molding sectors exhibited cautious restocking behavior amid economic uncertainty
Why did the price of polypropylene glass filled compound change in September 2025 in North America?
• Automotive demand rebounded, boosting procurement for structural and under-the-hood components.
• Feedstock propylene costs rose slightly, influencing production expenses.
• Inventory corrections and freight adjustments supported spot price firmness.
APAC
• In India, the Polypropylene Glass Filled Compound Price Index fell by 4.38% quarter-over-quarter, reflecting subdued domestic demand weakness.
• The average Polypropylene Glass Filled Compound price for the quarter was approximately USD 1468.93/MT reported by local distributors.
• Polypropylene Glass Filled Compound Spot Price weakened amid ample imports and inventory build, pressuring the Polypropylene Glass Filled Compound Price Index.
• Polypropylene Glass Filled Compound Production Cost Trend showed easing as regional propylene feedstock prices softened, reducing marginal production expenses.
• Polypropylene Glass Filled Compound Demand Outlook remains muted through monsoon season with OEM inventory overhang and cautious converter procurement.
• Polypropylene Glass Filled Compound Price Forecast anticipates limited upside near term given balanced supply, festival restocking could support recovery.
• Elevated distributor inventories and competitive Chinese shipments restrained spot activity, keeping the Polypropylene Glass Filled Compound Price Index subdued.
• Localized producer maintenance and temporary outages reduced spot availability briefly, but domestic operating rates remained stable.
Why did the price of Polypropylene Glass Filled Compound change in September 2025 in APAC?
• Subdued monsoon-driven demand and OEM inventory overhang reduced offtake, limiting suppliers' domestic pricing power materially.
• Competitive Middle Eastern PP offers and easing propylene costs reduced feedstock expenses, pressuring domestic margins.
• Expanded freight capacity and imports alleviated logistical costs, maintaining supply availability and capping price rallies.
Europe
• The Price Index for polypropylene glass filled compound in Europe showed a mild downward trend during Q3 2025, reflecting subdued demand from key downstream sectors such as automotive components, electrical housings, and industrial parts.
• Spot Price activity softened through the quarter, with converters and OEMs limiting purchases amid economic uncertainty. Prices remained under pressure due to inventory overhang and slower restocking cycles.
• Prices decreased slightly in September as automotive production slowed, particularly in Germany and France. Procurement remained cautious, and demand from industrial molding applications weakened, contributing to spot price erosion.
• The Production Cost Trend remained stable, supported by consistent propylene feedstock availability and moderate energy tariffs. European producers maintained efficient throughput, limiting cost-push inflation.
• The Demand Outlook for polypropylene glass filled compound in Europe was mixed. While electrical and consumer goods sectors showed steady demand, automotive and custom molding applications experienced reduced order volumes due to macroeconomic headwinds
Why did the price of polypropylene glass filled compound change in September 2025 in Europe?
• Automotive sector slowdown reduced procurement for structural and molded components.
• Stable production costs and balanced supply limited price support.
• Cautious restocking and inventory overhang pressured spot prices.
For the Quarter Ending June 2025
North America
• Price Index for Polypropylene Glass-Filled Compound in North America remained largely stable through April and May 2025, with marginal fluctuations driven by feedstock volatility and production adjustments.
• In April 2025, market participants reported moderate pricing stability as upstream propylene costs increased slightly due to OPEC+ cuts and global energy price fluctuations. However, weak domestic demand prevented any significant price rise.
• May 2025 saw a mild softening in the Price Index as buyers remained cautious amidst ongoing inventory corrections across the automotive and consumer goods sectors. Producers reported steady operating rates with adequate raw material supply.
• In June 2025, the Price Index declined by 0.6%, attributed to muted demand from the construction and appliance sectors, along with subdued automotive production figures. Comfortable inventory levels at distributors weighed on spot price momentum.
• On the supply side, Polypropylene glass filled compound Production Cost Trend remained under control due to stable feedstock sourcing and minimal freight disruptions across domestic rail and trucking logistics.
• The Polypropylene glass filled compound Demand Outlook weakened mid-quarter as OEMs delayed bulk purchases and consumer confidence dipped, particularly in automotive and electronics.
Why did the PPGF price change in July 2025 in North America?
The Price Index for Polypropylene Glass-Filled Compound in North America increased marginally by 0.4% in July 2025, supported by seasonal restocking across automotive plants and slight input cost upticks. However, the overall sentiment stayed cautious, preventing a sharp rebound.
Asia
• The Price Index for Polypropylene Glass-Filled Compound in Asia displayed regional disparities in April 2025 due to mixed upstream costs and uneven demand recovery.
• In April 2025, stable production in China and cost support from propylene helped prices remain steady despite weak demand in Southeast Asia.
• By May 2025, the Indian subcontinent experienced a 0.8% decline in the Price Index, driven by high inventory levels, monsoon-related demand slump, and sufficient domestic availability. The Polypropylene glass filled compound Production Cost Trend eased due to a 3.4% drop in polypropylene feedstock prices.
• June 2025 continued the downward trend with another 0.8% decline in India, supported by delayed BIS certification on imports and low procurement interest from auto and industrial sectors.
• Across Asia, supply remained uninterrupted with increased trans-Pacific freight capacity bringing logistical cost relief.
• The Polypropylene glass filled compound Demand Outlook was hampered by seasonal factors (monsoon in India, weak exports in China), slowing spot buying activity from converters.
• Why did the PPGFprice change in July 2025 in Asia?
The Price Index in Asia rose marginally by 0.3% in July 2025, driven by early festive restocking activity and anticipatory buying ahead of BIS enforcement in India. However, the increase was restrained by ongoing caution in downstream sectors.
Europe
• In April 2025, the Price Index in Europe for PP-GF compound showed slight upward movement due to firm upstream propylene costs and reduced domestic production amid plant maintenance schedules in Central Europe.
• By May 2025, prices stabilized as producers adjusted to lower regional demand. Imports from the Middle East and Asia increased, balancing supply-side concerns and flattening the Polypropylene glass filled compound Production Cost Trend.
• In June 2025, the Price Index declined by 0.5%, triggered by sluggish automotive production figures across Germany, France, and Italy, combined with slower summer-season industrial activity.
• European processors held adequate inventories due to prior quarter restocking. The appliance and consumer electronics sectors also remained in a downtrend, adding pressure on price stability.
• Freight normalization across European ports helped ease the cost burden on landed imports.
• The Polypropylene glass filled compound Demand Outlook remained lackluster across downstream applications, with no major recovery in OEM ordering patterns by quarter-end.
Why did the PPGF price change in July 2025 in Europe?
In July 2025, the Price Index in Europe declined by 0.6%, mainly due to prolonged weakness in demand and oversupply from Asia. Seasonal plant closures in Southern Europe further slowed consumption, amplifying bearish sentiment.
For the Quarter Ending March 2025
North America
In Q1 2025, Polypropylene Glass-Filled (PP-GF) compound prices in North America exhibited moderate upward momentum, underpinned by resilient downstream demand and firm feedstock costs. January began on a stable note, with prices supported by steady procurement from the automotive and electrical sectors, despite mild winter-induced logistics delays. Supply remained balanced, aided by consistent domestic resin production and sustained glass fiber availability.
By February, the tightening polypropylene supply and modest gains in energy prices nudged PP-GF compound values higher. Increased activity in the appliance manufacturing segment and stable demand from industrial sectors contributed to a stronger offtake. Import volumes remained steady, but elevated shipping costs encouraged domestic sourcing, lending further support to local pricing. March extended this trend, as manufacturers faced mounting input cost pressures and logistical disruptions due to weather-related delays and trucking shortages. Automotive OEMs ramped up procurement ahead of anticipated Q2 production schedules, while consumer electronics demand remained healthy, bolstering price resilience.
Overall, PP-GF compound prices in North America trended upward through Q1 2025, driven by cost-push factors and firm end-user demand. While growth was gradual, the quarter closed with a positive price trajectory, signaling a cautiously optimistic outlook for Q2.
Asia
Polypropylene Glass-Filled (PP-GF) compound prices in Asia registered a consistent upward trend in Q1 2025, driven by firm demand across key downstream sectors and rising input costs. January witnessed a sharp 2.8% increase in prices amid a 2.8% surge in polypropylene feedstock costs and global supply constraints particularly from South Korea, which tightened availability. Despite this, stable domestic production and softened freight rates helped balance supply. The momentum continued into February, with prices rising a further 2.7% as feedstock prices climbed and demand from the automotive, industrial, and electrical sectors remained robust. Strong procurement of vehicle components and electrical housings underpinned consumption, while efficient logistics operations ensured supply continuity. In March, prices edged up by another 0.8%, with market fundamentals remaining supportive. Stable supply dynamics, aided by reliable import flows and balanced inventories, met steady demand from automotive and pre-summer appliance manufacturing. Overall, PP-GF prices in India rose throughout Q1 2025, reflecting a firm upward trend. Rising raw material costs, coupled with sustained offtake across diverse applications, from vehicles to consumer electronics ensured a bullish pricing environment, setting a solid foundation for Q2 market activity.
Europe
In Q1 2025, Polypropylene Glass-Filled (PP-GF) compound prices in Europe experienced modest upward movement, driven by steady demand and supply-side challenges. January opened the quarter with prices stable to slightly higher, supported by stable production rates and consistent demand from the automotive and consumer goods sectors. Demand for lightweight, high-performance components for vehicles and appliances sustained market activity, ensuring stable offtake. By February, prices continued to edge upwards, largely influenced by increased energy and feedstock costs, coupled with logistical pressures across key European ports. Increased demand from the automotive sector, particularly for vehicle parts such as bumpers and dashboards, bolstered consumption, while higher freight rates and supply constraints contributed to price increases. March saw continued price support from rising raw material costs and tightening supply conditions, as several manufacturers faced delays due to weather-related disruptions. A rebound in demand from the electrical and industrial sectors further reinforced pricing strength. Overall, the price trend in Q1 2025 for PP-GF compounds in Europe showed gradual increases, with key sectors like automotive and consumer electronics providing consistent support. The quarter closed with a positive price trajectory, despite some logistical challenges.
