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Live News | Time:Jul 12 2018 11:28AM
PP spot trading flat in rising supply
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PP granule spot
PP spot market is narrowly shifting. Spot supply is increasing with more efficient production now. Downstream purchase is thin. But the high futures contract support spot offers steady. Spot and futures price is almost on the same stage.

In East China, mainstream traders offer for homo PP raffia and injection at 9,200-9,300yuan/mt and 9,250-9,300yuan/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 9,100-9,150yuan/mt, and offers for low-MFR co PP are at 10,200-10,400yuan/mt.
In South China, offers for homo PP raffia and low-MFR co PP are mainly at 9,230-9,300yuan/mt, and 10,250-10,350yuan/mt, by cash.

PP powder
PP power market is firming up. Uplifted futures and propylene cost support PP powder market firmly. Some offers are higher. Offers are at 8,850-8,950yuan/mt in Shandong province, and 8,830-9,060yuan/mt in East China, by cash, ex-works.

$1=CNY 6.71
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