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Live News | Time:Jan 12 2017 11:28AM
PP market partly strengthens with futures rise
 
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PP granule
East China market ramps higher, and traders actively offer higher. Downstream remains cautious, and purchase is lackluster. Traders' offers for homo PP raffia are at 8,700yuan/mt, and offers for coal-based low-MFR co PP were at 9,500yuan/mt, by cash.

South China market partly inches up, as futures hike drives homo PP raffia offers slightly higher. Sentiment warms up modestly as well. Traders' offers for homo PP raffia grade are mainly at 8,900-9,100yuan/mt, and offers for low-MFR co PP were at 9,200-9,400yuan/mt, by cash.

North China market is in narrow range-bound, as futures rise uplifts market mood. Traders' offers for homo PP raffia grade are mainly at 8,600-8,800yuan/mt, and offers for low-MFR co PP are at 9,250-9,550yuan/mt, by cash.

PP powder
PP powder market is in narrow range-bound, and market mentality is uplifted by futures movement. Most offers are steady. Downstream purchases cautiously, as they focus only on low-price sources. Offers are at 8,200-8,300yuan/mt in Shandong province, and 8,550-8,950yuan/mt in East China, by cash, ex-works.

$1=CNY 6.94
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