PP spot lacks firm deals on Monday

PP granule spot
PP granule spot is in consolidation. Most players are still on sidelines in the beginning of the week, given that there is no clear direction shown from futures contract. No firm deals are reached yet. 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 8,680-8,720yuan/mt, and offers for coal-based low-MFR co PP at 8,870-8,030yuan/mt.
In North China, offers for coal-based homo PP raffia grade are at 8,700-8,750yuan/mt, and offers for low-MFR co PP are at 8,900-9,100yuan/mt.
　　　　　　　　　　　
PP powder
PP power market is mainly unchanged with last Friday. Market players are mostly watching. Due to high cost, PP powder plants insist on high offer. Downstream go securing at market low end for rigid demand. Offers are at 8,650-8,750yuan/mt in Shandong province, and 8,550-8,800yuan/mt in East China, by cash, ex-works.