Propylene is an important petrochemical feedstock used in the production of polypropylene and several other chemical and industrial products. Because of its close connection with crude oil, propane, and naphtha markets, changes in upstream feedstock costs can quickly affect propylene prices. During Q2 2026, this relationship became particularly visible as supply concerns and higher feedstock costs pushed prices sharply upward.
The Propylene Price Chart captured an unusual pattern during the quarter. Prices climbed rapidly during April and May before a broad correction appeared in June. The Propylene Price Index similarly reflected the sharp increase in feedstock and crude oil costs followed by easing market pressure toward the end of the quarter.

Global Propylene Price Trend in Q2 2026

The second quarter of 2026 was a period of strong price movement in the global propylene market. European polymer-grade markets recorded some of the largest increases, with Italy, the Netherlands, Germany, Belgium, and France all experiencing very strong quarterly gains.

Asian markets also recorded significant increases. Thailand, Indonesia, Singapore, Malaysia, Japan, India, South Korea, Taiwan, and China all experienced upward movement during the quarter.

The Americas showed comparatively more contained increases, although prices still moved substantially higher. The USA, Mexico, and Colombia were affected by higher feedstock costs and changes in international trade flows.

One common feature across almost all markets was the June correction. After prices reached elevated levels, buyers adjusted their procurement activity. As supply concerns began to ease, prices moved lower.

South Korea Propylene Prices

South Korea recorded an approximately 43.58% increase in Q2 2026.

The market was affected by concerns surrounding crude oil, propane, and naphtha supply chains. Higher feedstock costs pushed FOB Busan export valuations higher throughout the quarter.

Demand from polypropylene and downstream polymer buyers remained steady, helping maintain firm market conditions.

However, buyers became more cautious in June after the significant quarterly increase. Propylene Prices in South Korea declined by around 15.00% month-on-month during June.

This correction showed that purchasing behaviour can change quickly when prices move significantly higher.

China Propylene Price Trend

China recorded an approximately 43.17% increase during Q2 2026.

Higher South Korean prices were passed through into CIF Shanghai import valuations. At the same time, concerns over crude oil, propane, and naphtha availability added further cost pressure.

Demand from polypropylene and downstream polymer buyers remained steady, keeping the market elevated.

In June, Propylene Prices in China declined by approximately 14.52% month-on-month as buyers adjusted their procurement activity.

The Chinese market therefore experienced a strong quarterly increase followed by a notable monthly correction.

Netherlands Propylene Prices

The Netherlands experienced one of the sharpest increases during Q2 2026. The Propylene Price Trend increased by approximately 91.45%.

Higher crude oil, propane, and naphtha costs created substantial pressure on the European polymer-grade market. Concerns over feedstock supply and logistics contributed to the rapid increase in FD Rotterdam valuations.

Demand from polypropylene and downstream polymer buyers remained steady, supporting the elevated market.

The market then corrected strongly in June. Propylene Prices in the Netherlands declined by approximately 28.27% month-on-month.

The large June correction reflected changing procurement behaviour and easing pressure after the earlier price surge.

Germany Propylene Price Trend

Germany recorded an approximately 89.15% quarterly increase.

Firming Netherlands prices were passed through into the German market. Feedstock supply concerns and higher crude oil, propane, and naphtha costs created strong upward pressure.

Demand from polypropylene and downstream polymer buyers remained steady during the quarter.

In June 2026, Propylene Prices in Germany corrected by approximately 27.34%.

Although the monthly decline was significant, the market had already experienced a very large increase during the quarter.

Belgium Propylene Prices

Belgium recorded an approximately 88.38% increase during Q2 2026.

The market was influenced by the same broader feedstock pressures affecting European polymer-grade propylene. Higher crude oil, propane, and naphtha costs contributed to stronger FD Antwerp valuations.

Steady demand from polypropylene and downstream polymer buyers provided additional support.

In June, Propylene Prices in Belgium declined by approximately 27.73% as buyers adjusted their procurement.

Thailand and Southeast Asia

Thailand recorded a quarterly increase of approximately 62.39%.

Higher feedstock costs pushed FOB Laem Chabang prices significantly higher. Demand from polypropylene and downstream polymer industries remained steady.

In June 2026, Propylene Prices in Thailand corrected by approximately 11.09%.

The Thai market also influenced several Southeast Asian import markets.

Indonesia recorded an approximately 59.54% increase in Q2 2026, with higher Thai prices passing through into CIF Jakarta valuations. June prices declined by approximately 10.64%.

Singapore recorded an approximately 60.48% quarterly increase, followed by a June correction of around 11.06%.

Malaysia experienced an approximately 58.33% increase, while June prices declined by around 10.70%.

These movements show how changes at an important regional export market can quickly pass through to neighbouring import markets.

Japan Propylene Prices

Japan recorded an approximately 54.49% increase in Q2 2026.

FOB Tokyo export valuations increased as crude oil, propane, and naphtha supply concerns intensified.

Steady demand from polypropylene and downstream polymer buyers supported the market.

In June, Propylene Prices in Japan declined by approximately 14.86% as buyers adjusted procurement and market conditions began to ease.

Italy and France Propylene Price Trend

Italy experienced the largest quarterly increase among the monitored markets, with the Propylene Price Trend rising by approximately 92.30%.

The sharp increase was driven by the same combination of feedstock supply concerns, higher crude oil costs, and firm downstream demand.

In June, prices corrected by approximately 27.69%.

France also recorded a substantial quarterly increase of approximately 86.23%. FD Le Havre prices were supported by higher feedstock costs and steady demand.

During June, Propylene Prices in France declined by approximately 26.52%.

The European markets therefore experienced both the strongest increases and some of the sharpest corrections during Q2 2026.

Saudi Arabia, Taiwan, and India

Saudi Arabia recorded an approximately 44.19% increase during Q2 2026. FOB Jeddah prices remained elevated as feedstock costs increased. In June, prices corrected by approximately 14.21%.

Taiwan recorded a quarterly increase of approximately 49.04%. Firm demand and feedstock pressure supported FOB Kaohsiung prices. June brought a correction of approximately 10.05%.

India recorded an approximately 61.39% increase, with higher Thailand prices passing through into CIF Nhava Sheva import valuations. Demand from polypropylene and downstream polymer buyers remained steady. In June, prices declined by approximately 10.65%.

India's movement highlights how imported propylene markets can be strongly influenced by both regional export prices and international feedstock conditions.

USA Propylene Price Trend

The USA recorded an approximately 42.13% increase during Q2 2026.

FOB Houston export valuations moved higher as crude oil, propane, and naphtha supply chains faced pressure.

Demand from polypropylene and downstream polymer buyers remained steady, supporting the market.

However, the correction in June was substantial. Propylene Prices in the USA declined by approximately 20.62% month-on-month as buyers adjusted procurement.

Mexico and Colombia Propylene Prices

Mexico recorded an approximately 39.02% increase in Q2 2026.

Higher US prices were passed through into CIF Manzanillo import valuations. Steady demand from polypropylene and downstream polymer buyers supported the market.

In June, prices declined by approximately 19.47%.

Colombia recorded an approximately 39.35% quarterly increase as higher US prices moved into CIF Barranquilla import valuations.

June prices corrected by approximately 18.22% as buyers adjusted their procurement activity.

What the Propylene Price Chart Shows

The Propylene Price Chart for Q2 2026 shows two very clear phases.

The first phase was a sharp upward movement during April and May. European markets experienced particularly strong increases, with Italy, the Netherlands, Germany, Belgium, and France recording quarterly gains of more than 86%.

The second phase began in June, when prices corrected across all monitored markets.

This pattern demonstrates how quickly petrochemical markets can respond to changes in feedstock availability, logistics, and buyer behaviour.

Understanding the Propylene Price Index

The Propylene Price Index remained strongly influenced by crude oil and feedstock costs throughout Q2 2026.

When crude oil, propane, and naphtha costs increased, propylene production and supply costs also came under pressure. As those upstream pressures started to ease in June, the index began reflecting the correction.

For businesses that purchase propylene or downstream materials such as polypropylene, monitoring the index can provide useful context when evaluating current market quotations.

Propylene Price Forecast

Looking ahead, the propylene market will remain closely connected to crude oil, propane, naphtha, refinery operations, feedstock availability, and downstream polymer demand.

If feedstock supply chains continue to stabilise, some of the exceptional pressure seen during April and May could ease further. However, any fresh disruption to crude oil or petrochemical supply routes could quickly change market conditions.

Demand from polypropylene and other downstream industries will also remain important. Strong consumption can provide support, while weaker purchasing activity may increase downward pressure.

For buyers and producers, regular monitoring of supply, demand, feedstock costs, freight conditions, and regional pricing will therefore remain important.

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Why Monitoring Propylene Prices Matters

Tracking Propylene Prices can help manufacturers, procurement teams, chemical producers, traders, and downstream polymer businesses understand changes in their raw material costs.

Regular monitoring can help businesses:

Track regional price movements

Understand feedstock cost changes

Compare export and import markets

Monitor polypropylene demand

Review supplier quotations

Plan procurement requirements

Understand logistics-related pressure

Prepare cost budgets

Identify changing supply conditions

Using current market information together with historical trends can provide a more practical view of the market.

The Propylene Price Trend in Q2 2026 showed an extraordinary increase across global markets, followed by a broad correction in June.

Italy recorded an approximately 92.30% quarterly increase, followed by the Netherlands at 91.45%, Germany at 89.15%, Belgium at 88.38%, and France at 86.23%. Thailand and India also recorded increases of more than 60%, while South Korea, China, Saudi Arabia, Taiwan, the USA, Mexico, and Colombia experienced significant upward movements.

The June correction across every monitored market demonstrated how quickly prices can respond when buyers adjust procurement and feedstock conditions begin to ease.

Overall, Q2 2026 highlighted the strong connection between propylene and its upstream feedstocks. Going forward, crude oil, propane, naphtha, supply-chain conditions, downstream demand, and international logistics will remain important factors to monitor.

Following the Propylene Price Chart, Propylene Prices, and Propylene Price Index can provide useful insight into market movements and help businesses better understand changing procurement and cost conditions.

About Price Watch™

Price Watch™ is an India-based, independent raw material price reporting agency that provides real-time price forecasts and data-driven insights into global raw material markets. Price Watch™ specializes in tracking raw material prices, analyzing market trends, and delivering timely updates on plant shutdowns, supply disruptions, capacity expansions, and demand-supply dynamics.

The Price Watch™ platform empowers manufacturers, traders, and procurement professionals to make faster, smarter decisions. Leveraging AI-powered forecasting and over a decade of historical data, Price Watch™ transforms market volatility into actionable opportunity.

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