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Shenhua Auction: Homo-PP sales outperformed LLDPE amid diverged futures performanceThe Shenhua Auction Platform opened on a stable-to-firm footing, supported by the previous day’s strong sales. A modest rebound on the Dalian Commodity Exchange bolstered buying confidence |
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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 14 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 |
1028 |
961 |
7120 |
$870 |
7140-7330 |
$873-896 |
93.5% |
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PP Thinwall |
207 |
207 |
7200 |
$880 |
7230 |
$884 |
100.0% |
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LL Film |
650 |
430 |
7920 |
$968 |
7950-8010 |
$972-979 |
66.2% |
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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:
The Shenhua Auction Platform opened on a stable-to-firm footing, supported by the previous day’s strong sales. A modest rebound on the Dalian Commodity Exchange bolstered buying confidence, leading to moderate-to-robust transactions across available grades.
However, demand diverged notably between the homo-PP and LLDPE sectors, with LLDPE film facing weaker acceptance. This was largely due to the absence of lower-end auction prices at CNY7,900/ton EXW China, VAT included ($966/ton, VAT excluded), which had appeared in the previous session.
The contrast between the two markets was deepened by a difference in performance in the futures market, where PP contracts posted stronger gains than LLDPE ones.
Written by: Kat Yun Yun
Edited by: Derek Yong
Country
China
