China PP&PP Fiber Market Daily (20 Apr 2011)

PP market remained weak in deadlock. Some suppliers had reduced offers and continued to keep active to sell goods. Downstream buyers still purchased sources when needed and transactions were difficult to be concluded.

In North China, offers were flat and T30S was offered 12450-12500yuan/mt. Downstream demand was still sluggish and suppliers continued to focus on selling goods.

In East China, demand kept slack and prices tended to slip down. Most suppliers showed little confidence and remained active to sell goods. The prices of T30S were at 12600-12700yuan/mt.

In South China, prices mainly kept stable and the prices of T30S were at 12550-12650yuan/mt. Supplier continued to keep active to sell goods while downstream demand tended weak.

PP fiber prices continued to maintain stable. PP staple fiber 1.5D was offered at 14000-14350yuan/mt while PP filament yarn FDY 90D was offered at 19000-20000yaun/mt. Transactions were still unsmooth.

$1=CNY6.53