PP Market Morning Express (Nov 29, 2010)

Most ex-work prices of PP powder keep stable while some decline slightly. The mainstream price in Shandong is at 11400-11600yuan/mt with weak market atmosphere, and downstream plants still purchase cautiously.

In the morning, ex-work prices of PP granule keep stable. Zhenhai Refinery and Jiujiang Petrochemical quote T30S at 12100yuan/mt while PetroChina South quotes at 12300yuan/mt. The mainstream price of T30S in Yuyao is at 12300-12400yuan/mt with modest market atmosphere.

$1=CNY6.67

source:CCFGroup.com