China PP Markets is Stable with Slight Decrease on January 15

On January 15th, the benchmark price of PP (melt blown) in SunSirs is 8,025.00 RMB/ton, a decrease of -0.77% compared to the beginning of this month (8,087.50 RMB/ton).

On January 15th, the benchmark price of PP (fiber) in SunSirs is 7,750.00 RMB/ton, a decrease of -0.80% compared to the beginning of this month (7,812.50 RMB/ton).

On January 15th, the benchmark price for PP (wire drawing) in SunSirs is 7,608.33 RMB/ton, a decrease of -0.50% compared to the beginning of this month (7,646.67 RMB/ton).

Application of SunSirs Benchmark Pricing

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).