PP Market Morning Express (Dec 13, 2010)

Crude oil prices continue to slip down, which affects PP powder market. In the morning, the mainstream plants reduce offers slightly and the prevailing price in Shandong is at 11200-11400yuan/mt with limited transactions.

The ex-work prices of PP granule keep stable and the mainstream price of Z30S is at 12250yuan/mt. Zhenhai Refinery and Jiujiang Petrochemical quote T30S at 12100 while PetroChina East offers at 12100yuan/mt. The mainstream offers for T30S in East China is at 12200-12500yuan/mt and in Yuyao at 12500yuan/mt.

$1=CNY6.66

source:CCFGroup.com