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Shenhua Auction: Sales rise on firmer futures marketSentiments on Shenhua’s auction platform improved futures contracts on the Dalian Commodity Exchange climbed for two straight sessions. This allowed the seller to hold auction prices steady, while buyers continued to procure at robust uptake rates. |
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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 21 April 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 |
1010 |
1010 |
7050 |
$856 |
7080-7280 |
$859-884 |
100.0% |
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PPBC Inj |
400 |
361 |
6850 |
$832 |
6850-7110 |
$832-863 |
90.3% |
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LL Film |
656 |
500 |
7250 |
$880 |
7270-7400 |
$883-898 |
76.2% |
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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:
Sentiments on Shenhua’s auction platform improved futures contracts on the Dalian Commodity Exchange climbed for two straight sessions. This allowed the seller to hold auction prices steady, while buyers continued to procure at robust uptake rates.
In the LLDPE division, sell-through rates rose from 71.9% to 76.2%. While the 4.3% day-on-day increment appeared modest, the cumulative improvement since Tuesday was more substantial—marking a 32.4% increase that underscored progressive improvement in auction performance.
Meanwhile, the PP division recorded solid drawdowns, marking a fourth consecutive day when the uptake exceeded 99%.
“The recent drawdowns suggest Shenhua may attempt to continue holding prices steady,” a market participant remarked. “Still, buying remains largely hand-to-mouth, with restocking interest noticeably absent.”
Written by: Kat Yun Yun
Edited by: Derek Yong
Country
China
