PP powder in a dilemma

In the first week of 2020, PP powder price had not changed significantly, but the macro environment had deteriorated evidently compared with the previous period. On Jan 7, mainstream offers of PP power were at 7,400-7,500yuan/mt in Shandong province, and 7,450-7,550yuan/mt in Jiangsu and Zhejiang province. Although price spread between the two areas was small, the overall environment in Jiangsu and Zhejiang was much better.