CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 12 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	1150	708	6700	$833	6700-6900	$833-858	61.6%
BOPP	200	0	6900	$858	-	-	0.0%
PPBC Inj	100	0	6750	$839	-	-	0.0%
LL Film	450	400	6900	$858	6910-7070	$859-879	88.9%
HD Film	100	66	7200	$895	7200	$895	66.0%
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.

Shenhua concluded the final trading day of the week with marked improvement, supported by selective price adjustments.

Homo-PP yarn achieved a deal ratio of more than 60% as sellers trimmed starting offers by CNY50/ton from Thursday, though concluded prices still settled CNY40–50/ton lower, highlighting ongoing weakness in this grade.

In contrast, LLDPE film once again drew robust demand, with almost 90% of offered volumes taken up. Despite softer futures on the Dalian Commodity Exchange for most of the morning, LLDPE prices were largely held steady in the auction, underscoring their relative strength versus other products.

Market participants noted that while discounts provided near-term support, transactions continued to reflect cautious, need-based buying. With futures staging a late rebound, attention now turns to whether sentiment next week can improve ahead of the traditional restocking window later in September.

Shenhua Auction: Softer prices lift PP deals, LLDPE demand remains firm.