PP Market Morning Express (Dec 16, 2010)

The ex-work prices of PP powder keep stable and the mainstream price in Shandong is at 11250-11450yuan/mt. Enquires are weak and transactions are hard to increase.

In the morning, offers for PP granule present stable and the mainstream price of T30S in East China is at 12250-12500yuan/mt. Suppliers with limited confidence are active to sell goods, but downstream plants mainly hold wait-and-see stances.

$1=CNY6.66

source:CCFGroup.com