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PP granule spot extends to be strong
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PP granule spot extends to be strong

Views:0     Author:Site Editor     Publish Time: 2019-06-25      Origin:Site

PP granule spot
PP granule spot extends to be strong. PP futures contract has rebounded continuously and uplifts market mentality. The spot-futures basis between commodity-grade homo PP raffia and Sep futures contract is around 140yuan/mt.

In East China, mainstream traders offer for coal-based homo PP raffia at 8,450-8,500yuan/mt, and offers for coal-based low-MFR co PP at 8,750-8,800yuan/mt.
In North China, offers for coal-based homo PP raffia grade are at 8,400-8,500yuan/mt, and offers for low-MFR co PP are at 8,750-8,950yuan/mt.

PP powder
PP power market inches up slightly. High propylene cost has backed up PP powder offers firmly. Part of plants still raise their offers. Downstream purchases at need-to basis. Offers are at 8,100-8,150yuan/mt in Shandong province, and 8,150-8,350yuan/mt in East China, by cash, ex-works.

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