PP Market Morning Express (Dec 28, 2010)

The ex-work prices of PP powder mainly keep stable and a few drop. The mainstream price in Shandong is at 11200-11300yuan/mt and higher at 11500yuan/mt with modest market atmosphere.

PetroChina North reduces PP granule prices by 250yuan/mt while Sinopec reduces by 150-200yuan/mt in Middle China. The mainstream offer for T30S is at 11850yuan/mt and Z30S at 12000yuan/mt. In the morning, the market atmosphere presents modest and suppliers offer stably. The mainstream price of T30S in East China is at 12200-12350yuan/mt and higher at 12500yuan/mt.

$1=CNY6.63

source:CCFGroup.com