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Shenhua Auction: Trading gains momentum as futures reboundShenhua opened the trading week on a firmer footing, with strong take-up in homo-PP yarn and LLDPE film lending tentative support to market sentiment. |
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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its 25 August 2025 auction with stronger sell-through rates across key grades, reflecting improved sentiment following gains in futures markets.
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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 |
1220 |
1118 |
6700 |
$828 |
6700-7060 |
$828-873 |
91.6% |
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PPH Inj |
100 |
0 |
6700 |
$828 |
- |
- |
0.0% |
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PPBC |
200 |
180 |
7050 |
$871 |
7050-7120 |
$871-880 |
90.0% |
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LL Film |
400 |
398 |
7000 |
$865 |
7010-7210 |
$866-891 |
99.5% |
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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 Takeaway
Shenhua opened the trading week on a firmer footing, with strong take-up in homo-PP yarn and LLDPE film lending tentative support to market sentiment. The rebound on the Dalian Commodity Exchange provided much of the momentum, reinforcing buyers’ short-term confidence.
“While buying interest was stronger, the bullish development was very much sentiment-driven. Meanwhile, local customers are not interested in covering the immediate production needs at the moment,” a local trader observed.
A more accommodative pricing strategy also underpinned the results. Compared with the previous auction session, Shenhua trimmed opening offers by CNY 10–30/ton for homo-PP grades and by CNY 50/ton for LLDPE film.
Written: Kat Yun Yun
Edited: Aiman Haikal
Country
China
