PP&PP Fiber Market Summary (Dec 1-15, 2010)
PP: In the first half of the month, the overall PP market kept consolidating in weakness. At the beginning of the month, crude oil prices rebounded, which supported PP suppliers to raise offers. Then as crude oil and plastic futures presented weak, PP market kept stable with dull demand and modest transactions. The mainstream price of T30S in East China was at 12250-12500yuan/mt while the prevailing price of PP powder in Shandong was at 11250-11450yuan/mt.
PP fiber: As feedstock prices mainly kept stable, PP fiber market stepped to stability. In the first half of the month, PP staple fiber market kept stable with decreasing orders and the operating rate maintained at 80%. PP filament yarn plants with the operating rate of 70% offered stably with limited transactions.
PP fiber: As feedstock prices mainly kept stable, PP fiber market stepped to stability. In the first half of the month, PP staple fiber market kept stable with decreasing orders and the operating rate maintained at 80%. PP filament yarn plants with the operating rate of 70% offered stably with limited transactions.
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