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Live News | Time:Jan 10 2017 11:29AM
PP prices lower again, traders download cargoes before holiday
 
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PP granule
As futures prices slip again, traders in East China market lower prices to liquidate stocks before Lunar New Year. Traders' offers for homo PP raffia are at 8,600yuan/mt, and offers for coal-based low-MFR co PP were at 9,400-9,450yuan/mt, by cash.

South China market, mainstream offers maintain at low, as recent futures trend is unstable, causing unrested mind among players. Traders' offers for homo PP raffia grade are mainly at 8,800-8,900yuan/mt, and offers for low-MFR co PP were at 9,350-9,600yuan/mt, by cash.

North China market sentiment is weighed by futures drop, while traders still offer firmly. Purchase is cautious. Traders' offers for homo PP raffia grade are mainly at 8,600-8,800yuan/mt, and offers for low-MFR co PP are at 9,400-9,700yuan/mt, by cash.

PP powder
PP powder market continues to be weak. Market mentality is bearish, and most prices keep going downward. Purchase is limited yet. Offers are at 8,300-8,400yuan/mt in Shandong province, and 8,600-8,900yuan/mt in East China, by cash, ex-works.

$1=CNY 6.95
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