PP Market Morning Express (Oct 29, 2010)

The ex-work prices of PP powder keep stable and the mainstream price in Shandong is at 10750-10850yuan/mt. With the support of rebounding crude oil, suppliers may retrive some confidence.

Today the quotations of PP granule continue to move up slightly. PetroChina South lifts up the offer of T30S by 200yuan/mt to 11650yuan/mt while PetroChina East offers T30S at 11350yuan/mt and Z30S at 11450yuan/mt. In Yuyao, the mainstream price of T30S is at 11500-11700yuan/mt with good market sentiment.

$1=CNY6.69

source:CCFGroup.com