CommoPlast Article

Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes on 04 July 2024. The following table showed the details of the auction results for prime grade only:

Product	Auction Volume	Deal Volume	Auction Prices		Deal Prices		Deal %
Product	Auction Volume	Deal Volume	CNY/ton	USD/ton	CNY/ton	USD/ton	Deal %
*Combined and reported by CommoPlast*
Homo-PP	1516	1188	7600	$925	7650-7840	$931-954	78.4%
PP Thinwall	100	0	7750	$943	-	-	0.0%
PPBC	500	256	7600	$925	7600-8300	$925-1010	51.2%
LLDPE	800	800	8350	$1016	8350-8520	$1016-1037	100.0%
LDPE heavy duty	-	-	-	-	-	-	-
HDPE	100	0	8450	$1029	-	-	0.0%
Auction and Deal volumes are in tonnage All USD equivalent prices only exclude the 13% value-added tax (VAT). They have not taken into account other costs that might incur in the selling process, i.e. import duty, customs clearances.

The Shenhua Auction Platform concluded today's session with a slight decrease in auction volume for homo-PP grade, attributed to weakened futures trading. The coal-based producer sought to stimulate buying interest by offering discounts on deal prices; however, customers opted to slow down their purchases until market sentiment improved.

Shenhua Baotou Coal Chemical Co, the largest coal-based polyolefins producer in China, operates through four subsidiaries: Shenhua Xinjiang Coal-based New Materials Project, Shenhua Yulin Energy Co. Ltd., Shenhua Baotou Coal Chemical Co. Ltd., and Shenhua Ningxia Coal Industry Group (Ningmei).

The company boasts an annual production capacity of 2.65 million tons of PP, 750,000 tons of HDPE/LLDPE, and 570,000 tons of LDPE.

Active in spot trading, Shenhua Baotou also conducts daily auctions for its cargoes from 10 AM - 12 PM on its dedicated online platform, available at https://www.e-chnenergy.com.

04 July 2024 - Shenhua's coal-based PP and PE Auction Results