PP Market Morning Express (Nov 1, 2010)

In the morning, the ex-work prices of PP powder mainly keep stable and the mainstream price in Shandong remains at 10750-10850yuan/mt with modest market atmosphere.

Today the ex-work prices of PP granule keep stable, and Zhenhai Refinery and Jiujiang Petrochemical quote T30S at 11300yuan/mt and Z30S at 11350yuan/mt. Although crude oil and propylene decreased at the weekend, market prices of PP granule climb up by 100yuan/mt. The mainstream price of T30S in Yuyao is at 11500-11800yuan/mt with good atmosphere.

$1=CNY6.69

source:CCFGroup.com