PP granule spot market in high consolidation

PP granule spot
PP granule spot market is in high consolidation. Spot sellers mainly offer at highs and deals are talked at market lower end. The spot-futures basis between commodity-grade homo PP raffia and Sep futures contract is around 40yuan/mt.

In East China, mainstream traders offer for coal-based homo PP raffia at 8,550-8,580yuan/mt, and offers for coal-based low-MFR co PP at 8,800-8,850yuan/mt.
In North China, offers for coal-based homo PP raffia grade are at 8,600-8,650yuan/mt, and offers for low-MFR co PP are at 8,750-8,950yuan/mt.

PP powder
PP power market was in narrow shifts. PP futures contract and propylene market extend to stay at highs and support market levels. Most plants offer steadily and part of low-end sources tick up slightly. Offers are at 8,300-8,450yuan/mt in Shandong province, and 8,300-8,500yuan/mt in East China, by cash, ex-works.