Crude oil prices continue to slip down, which affects PP powder market. In the morning, the mainstream plants reduce offers slightly and the prevailing price in Shandong is at 11200-11400yuan/mt with limited transactions.

The ex-work prices of PP granule keep stable and the mainstream price of Z30S is at 12250yuan/mt. Zhenhai Refinery and Jiujiang Petrochemical quote T30S at 12100 while PetroChina East offers at 12100yuan/mt. The mainstream offers for T30S in East China is at 12200-12500yuan/mt and in Yuyao at 12500yuan/mt.

$1=CNY6.66

source:CCFGroup.com