PP Market Morning Express (Nov 30, 2010)

The ex-work prices of PP powder keep stable and low prices are supposed to recover somehow due to resbounding crude oil. And enquries increase slightly.

In the morning, the ex-work prices of PP granule also keep steady. PetroChina East quotes T30S at 12100 while PetroChina North offers T30S at 12250yuan/mt and Z30S at 12300yuan/mt. Some suppliers pick up offers slightly and the mainstream price in East China is at 12300-12500yuan/mt with increasing enquires.

$1=CNY6.68

source:CCFGroup.com