CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 12 August 2025, with the results for prime grades as follows:

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*
PPH Yarn	1036	1036	6850	$843	6870-7110	$846-875	100.0%
PPH Inj	100	0	6980	$859	-	-	0.0%
PPBC	250	120	7120	$876	7150-7180	$880-884	48.0%
LL Film	450	400	7000	$862	7070-7210	$870-887	88.9%
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.

Auction sales on Shenhua Auction Platform strengthened this morning, with homo-PP yarn drawing notably firmer buying interest after prices were set CNY50/ton lower than on Monday. The modest price cut spurred participation, leading to a complete sell-out of the 1,036 tons offered.

In contrast, LLDPE film auction prices were unchanged from the previous session, resulting in deal volumes broadly in line with yesterday. Market participants noted that demand was driven mainly by immediate production requirements, with little sign of speculative or forward buying.

A local trader remarked, “With the domestic spot market holding steady, the CNY 50/ton discount made auction cargoes more appealing. That said, buying remains primarily on a need-only basis, and this does not yet point to a broader recovery in demand.”

Separately, the US and China have agreed to extend their tariff truce by 90 days, a move expected to ease market jitters and potentially lend some support to sentiment in the near term.

Shenhua Auction: Homo-PP auction draws stronger buying on lower prices