PP Market Morning Express (Dec 14, 2010)

Crude oil prices rebound, which supports PP powder market. Plants mainly keep stable offers and the mainstream price in Shandong move up by 50yuan/mt to 11250-11450yuan/mt with still slack transactions.

The ex-work prices of PP granule keep stable and the mainstream price of Z30S is at 12200-12300yuan/mt. PetroChina East and Sinopec Shanghai quote T30S at 12100yuan/mt. In the morning, the prevailing price of T30S in East China is at 12250-12500yuan/mt and in Yuyao at 12400yuan/mt.

$1=CNY6.65　

source:CCFGroup.com