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Shenhua Auction: Auction sales dipped as coal-based cargoes lose appealTrading sentiment on the Shenhua Auction Platform deteriorated noticeably compared to the previous session, with LLDPE transaction volumes slipping below 40% by the close. Market sources attribute the decline primarily to the narrowing price gap between spot and auction prices |
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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 11 March 2025, with the results for prime grades as follows:
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Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
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CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
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Combined and reported by CommoPlast |
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PPH Yarn |
1570 |
1154 |
7080 |
$864 |
7080-7340 |
$864-896 |
73.5% |
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PPBC Inj |
168 |
0 |
7100 |
$867 |
- |
- |
0.0% |
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LL Film |
970 |
363 |
7950 |
$970 |
8050-8060 |
$983-984 |
37.4% |
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*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. |
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Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Key takeaways:
Trading sentiment on the Shenhua Auction Platform deteriorated noticeably compared to the previous session, with LLDPE transaction volumes slipping below 40% by the close. Market sources attribute the decline primarily to the narrowing price gap between spot and auction prices, which has reduced the incentive for buyers to engage in auction purchases.
"Most buyers have already secured their required volumes, and given the volatility of the Dalian Commodity Exchange, many are adopting a wait-and-see approach," a market source noted.
Written by: Kat Yun Yun
Edited by: Derek Yong
Country
China
