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Live News | Time:Jul 11 2018 11:20AM
PP spot trading thin
 
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PP granule spot
PP spot market is narrowly shifting, as no clear direction is showed from the futures side. Most players are waiting on sidelines and trading sentiment is thin. Spot and futures price is almost on the same stage.

In East China, mainstream traders offer for homo PP raffia and injection at 9,150-9,250yuan/mt and 9,200-9,300yuan/mt, and offers for coal-based low-MFR co PP at 10,300-10,400yuan/mt.
In North China, offers for coal-based homo PP raffia grade are mainly at 9,080-9,150yuan/mt, and offers for low-MFR co PP are at 10,200-10,400yuan/mt.

PP powder
As propylene cost rising further to 8,175yuan/mt, PP powder plants push up their offering rates as well. Downstream is restocking at market lower end. Offers are at 8,800-8,900yuan/mt in Shandong province, and 8,830-9,060yuan/mt in East China, by cash, ex-works.

$1=CNY 6.68
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