PP Market Morning Express (Dec 29, 2010)

In the morning, Baling Petrochemical and Wuhan Fenghuang reduce ex-work prices by 100yuan/mt to 11400yuan/mt while the mainstream price in Shandong is at 11300yuan/mt.

PetroChina North raises prices of T30S by 50yuan/mt to 11800yuan/mt and quotes F401 at 11750yuan/mt while Zhenhai Refinery and Jiujiang Petrochemical continue to offer T30S stably at 12100yuan/m. The mainstream price of T30S in East China is at 12200-12350yuan/mt and higher at 12500yuan/mt.

$1=CNY6.62

source:CCFGroup.com