PP Market Morning Express (Dec 2, 2010)

With the support of rebounding crude oil, the ex-work prices of PP powder edge up by 50-10yuan/mt and the mainstream price in Shandong is at 11350-11550yuan/mt with recovering market atmosphere.

The ex-work prices of PP granule keep stable. PetroChina East quotes T30S at 12100yuan/mt while Sinopec Shanghai offers T30S at 12100yuan/mt and Z30S at 12300yuan/mt. In the morning, PP granule prices move up slightly and the mainstream price in East China is at 12300-12500yuan/mt while in Yuyao keps stable　at 12300yuan/mt.

$1=CNY6.67

source:CCFGroup.com