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Live News | Time:Nov 15 2017 11:28AM
PP spot smoothly dips down
 
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PP granule spot
PP market is smoothly dipping down. Speculative traders are leaving futures market, and spot buyers are reluctant to buy now. Transaction is limited in general.

In East China, mainstream traders offer for homo PP raffia and injection at 8, 800-8,900yuan/mt and 9,300-9,350yuan/mt, and offers for coal-based low-MFR co PP at 9,250-9,350yuan/mt.
In North China, offers for homo PP raffia grade are mainly at 8,750-8,800yuan/mt, and offers for low-MFR co PP are at 9,200-9,500yuan/mt.
In South China, offers for homo PP raffia and low-MFR co PP are mainly at 8,900-9,000yuan/mt, and 9,250-9,400yuan/mt, by cash.

PP powder
PP powder market maintains correction, as market sentiment is burdened by weaker propylene market and PP futures performance. But still many powder plants are reluctant to cut offers, as they consider the downtrend a temporary one. Offers are at 8,500-8,600yuan/mt in Shandong province, and 8,600-8,800yuan/mt in East China, by cash, ex-works.

$1=CNY 6.65
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