CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 04 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	916	114	6600	$818	6600-6900	$818-855	12.4%
BOPP	200	0	7000	$868	-	-	0.0%
PPH Inj	100	33	6600	$818	6600	$818	33.0%
PPBC Inj	300	199	6800	$843	6800	$843	66.3%
LL Film	350	182	6950	$861	6970-7130	$864-884	52.0%
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 was subdued, reflecting the weak tone on the Dalian Commodity Exchange. The softer futures backdrop weighed on physical market sentiment, contributing to lower transaction prices for both PP and LLDPE relative to the previous day.

PP block copolymer (PPBC) was the only grade maintaining steady prices, supported by limited, need-based buying. By contrast, uptake for homo-PP yarn and LLDPE film was notably muted, with deals concluded at CNY20–140/ton and approximately CNY30/ton lower than Tuesday’s levels, respectively.

“After the military parade, sentiment softened, and even need-based purchases were highly selective on price,” a local trader said. “We do not expect any firm rebound this week, and near-term prospects remain weak.”

Overall, the results indicate cautious market behaviour as September trading gets underway. While selective buying continues for certain grades, broad speculative demand remains absent, and market participants are expected to monitor both futures movements and ongoing supply developments before committing to new positions.

Shenhua Auction: Softer deal prices failed to revive strong buying interest