CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 02 September 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	1270	1070	6650	$824	6800-7040	$843-873	84.3%
PPH Inj	50	0	6650	$824	-	-	0.0%
PPBC Inj	334	283	6850	$849	6850-7050	$849-874	84.7%
LL Film	350	350	6930	$859	6980-7130	$865-884	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 at Shenhua’s auction improved modestly following a subdued session the previous day, supported by lower starting offers. Additionally, rebounded future trading also supported the overall sentiment.

Auction prices were lowered by CNY50–70/ton day-on-day, prompting selective, need-based purchases. Homo-PP yarn and PPBC recorded substantial uptake at 84.3% and 84.7%, respectively, while LLDPE film achieved a full sell-out.

“Demand only improves when discounted offers are available, which shows that prices still face resistance to move higher,” a local participant commented. “Even with recent coal production restrictions from 1–5 September for the Victory Day parade, coal-based cargoes have yet to show any significant price increase. We remain cautious for now.”

Overall, the results highlight a moderate pick-up in activity driven by price reductions rather than speculative buying. Market participants remain focused on immediate production requirements, with sentiment likely to stay measured as both futures trends and September supply developments continue to guide market expectations.

Shenhua Auction: Discounts trigger moderate uptake amid cautious sentiment