PP&PP Fiber Market Summary (Jan 28-Feb 15, 2011)

PP:　In last two weeks, PP market kept in deadlock with slack transactions and slight fluctuating prices. Affected by the Lunar New Year holidays, the operating rate of PP plants and downstream plants kept low, which caused slack downstream demand. After the holidays, the demand was recovering slowly and the market was bullish.

PP fiber:　The operating rate of PP fiber plants kept at very low levels and the market prices mainly kept stable with limited transactions.