CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 21 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	1420	1397	6700	$827	6700-7080	$827-874	98.4%
PPH Inj	50	33	6700	$827	6700	$827	66.0%
PPBC	200	153	7050	$870	7050-7110	$870-878	76.5%
LL Film	350	350	7120	$879	7180-7190	$886-887	100.0%
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.

Trading activity on the Shenhua Auction Platform staged a marked rebound from the previous session, underpinned by firmer futures contracts on the Dalian Commodity Exchange. LLDPE once again outperformed PP, with a full sell-out reinforcing sentiment after what had been a sluggish start to the week.

Even so, market sources noted that most buyers remained cautious, reluctant to commit to large-volume purchases amid persistent uncertainty over the near-term outlook. Deals were largely concentrated at the lower end of the price spectrum, suggesting that sentiment was driven more by the futures rally than by any meaningful improvement in fundamentals.

Shenhua Auction: Futures rebound lifts sentiment, buying remains cautious