PP Market Morning Express (Nov 24, 2010)

The ex-work prices of PP powder continue to decline slightly and the mainstream price in Shandong is at 11450-11700yuan/mt. The market is influenced by decreasing crude oil again and wait-and-see atmosphere may increase.

In the morning, the ex-work prices of PP granule keep stable. Zhenhai Refinery and Jiujiang Petrochemical quote T30S at 12100yuan/mt while Fujian Unit and Hainan Refinery quote at 12500-12580yuan/mt. In Yuyao, prices slip down slightly and the mainstream price of T30S is at 12200-12300yuan/mt with limited enquires.

$1=CNY6.66

source:CCFGroup