In commodity market terminology, Polypropylene refers to a light, rigid thermoplastic material derived from the polymerization of propylene. Polypropylene is used in a wide range of industrial applications such as the production of fabrics, carpets and upholstery, as well as in the manufacture of plastic containers for foods, cosmetics and other liquids.
Polypropylene futures contracts trade on the London Metals Exchange in lots of 24.75 tons per contract. They are quoted in U.S. Dollars per ton with varying global delivery points for each contract.