PP Market Morning Express (Dec 22, 2010)

In the morning, Shijiazhuang Refinery reduces PP powder prices by 200yuan/mt to 11250-11300yuan/mt while the mainstream price in Shandong moves up slightly to 11250-11500yuan/mt.

PetroChina North reduces prices of T30S by 50yuan/mt to 12000yuan/mt and quotes Z30S at 12200yuan/mt while in East China PP granule prices continue to be stable. The mainstream price of T30S is at 12100-12350yuan/mt in East China with weak market atmosphere, and in some regions prices are higher.

$1=CNY6.65

source:CCFGroup.com