CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its 29 September auction with mixed outcomes. PP yarn registered weaker clearances at lower prices, while LLDPE film attracted firmer buying interest, keeping values above CNY7,000/ton.

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	1066	675	6500	$808	6500-6760	$808-840	63.3%
PPBC Inj	200	0	6550	$814	-	-	0.0%
LL Film	300	200	7080	$880	7090-7100	$881-882	66.7%
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’s auction saw homo-PP yarn cleared just over 60% of offered volumes, with concluded deals down by CNY60–160/ton from the previous session. Block copolymer failed to attract any bids, reflecting persistent weakness in secondary PP grades.

By contrast, LLDPE film achieved two-thirds sell-through after prices rose by CNY200/ton. Transactions above the CNY7,000/ton threshold underscored steady demand from packaging and agricultural sectors despite subdued sentiment.

On the Dalian Commodity Exchange, PP and LLDPE futures opened weaker before staging a modest rebound later in the morning. The limited recovery did little to shift the cautious tone, with downstream players continuing to buy only on a need basis.

The results reinforced a muted outlook across the polyolefin complex ahead of the Golden Week holiday, with trading expected to remain quiet until post-holiday demand becomes clearer

Shenhua Auction: Softer sentiment ahead of holiday, need-based buying persists