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Shenhua Auction: Transactions rebounded on restocking activitiesShenhua concluded the final auction session of the week with sharp uptick, particularly for LLDPE film compared to the previous day. Market participants attributed the surge |
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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 05 September 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 |
866 |
758 |
6600 |
$819 |
6600-6900 |
$819-856 |
87.5% |
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BOPP |
200 |
0 |
6950 |
$863 |
- |
- |
0.0% |
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PPBC Inj |
300 |
0 |
6800 |
$844 |
- |
- |
0.0% |
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LL Film |
350 |
349 |
6950 |
$863 |
6970-7130 |
$865-885 |
99.7% |
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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:
Shenhua concluded the final auction session of the week with a sharp uptick, particularly for LLDPE film compared to the previous day. Market participants attributed the surge in deals to limited need-based replenishment, cautioning that the small lots taken up do not yet reflect a meaningful recovery in downstream demand.
Despite the sharp pickup in auction activity, sentiment in the domestic spot market remained cautious. Converters continued to adopt a wait-and-see stance, with many awaiting clearer direction next week. Industry players warned that any holiday-driven restocking in the near term is unlikely to significantly ease the mounting sales pressure confronting suppliers.
Written: Kat Yun Yun
Edited: Farid Muzaffar
Country
China
