PP spot lingers in weak consolidation black core spun yarn

PP granule spot
PP spot lingers in weak consolidation. Futures contract has no power to rebound and spot offers slide down. Trading is negotiated. The spot-futures basis between commodity-grade homo PP raffia and May futures contract is slightly below 0yuan/mt.

In East China, mainstream traders offer for homo PP raffia at 8,660-8,700yuan/mt, and offers for coal-based low-MFR co PP at 9,250-9,300yuan/mt.
In North China, offers for homo PP raffia grade are at 8,600-8,700yaun/mt and coal-based ones at 8,800-8,850yuan/mt, and offers for low-MFR co PP are at 9,250-9,550yuan/mt.

PP powder
PP power market is mixed. The weak futures performance crosses market while some powder plants still raise offers to balance sheet. Downstream restocks for rigid demand. Offers are at 8,250-8,400yuan/mt in Shandong province, and 8,450-8,700yuan/mt in East China, by cash, ex-works.