Views: 3 Author: Site Editor Publish Time: 2019-07-04 Origin: Site
PP granule spot
PP granule spot market is in high consolidation. Spot sellers mainly offer at highs and deals are talked at market lower end. The spot-futures basis between commodity-grade homo PP raffia and Sep futures contract is around 40yuan/mt.
In East China, mainstream traders offer for coal-based homo PP raffia at 8,550-8,580yuan/mt, and offers for coal-based low-MFR co PP at 8,800-8,850yuan/mt.
In North China, offers for coal-based homo PP raffia grade are at 8,600-8,650yuan/mt, and offers for low-MFR co PP are at 8,750-8,950yuan/mt.
PP power market was in narrow shifts. PP futures contract and propylene market extend to stay at highs and support market levels. Most plants offer steadily and part of low-end sources tick up slightly. Offers are at 8,300-8,450yuan/mt in Shandong province, and 8,300-8,500yuan/mt in East China, by cash, ex-works.