PP Market Morning Express (Nov 25, 2010)

Due to the rebounding prices of crude oil, PP powder prices in Shandong recover slightly and the mainstream price is at 11450-11700yuan/mt. But in Middle China, prices fall down somehow as previous prices were high.

The ex-work prices of PP granule change somehow. Sinopec Beijiang reduces prices of T30S to 12150yuan/mt and quotes Z30s at 12350yuan/mt. In Yuyao, prices mainly keep stable and the mainstream price of T30S in East China is at 12300-12500yuan/mt and some prices are higher.

$1=CNY6.66

source:CCFGroup.com