CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 20 October 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	2300	1720	6220	$773	6270-6550	$779-814	75.1%
PPBC Inj	132	131	6100	$758	6100	$758	99.2%
LL Film	500	99	6700	$833	6700	$833	19.8%
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 latest auction reversed from its strong performance in the previous session, as PP and LLDPE futures on the Dalian Commodity Exchange opened on a weak note Tuesday, extending recent losses before staging a modest rebound in the morning session. The recovery in PP futures was slightly firmer than that of LLDPE.

Auction results mirrored the futures trend. PP deals performed comparatively better than LLDPE, though both lagged behind the previous day’s levels. Despite today’s LLDPE film auction being offered around CNY150/ton lower than Monday, the reduced prices failed to spur meaningful buying interest, underscoring the market’s overall weakness—particularly in the LLDPE film.

“With the end of the month approaching, buyers are increasingly cautious about the PE outlook,” said one market source. “This period typically marks the peak demand season for agricultural film and packaging converters, but this year’s agricultural film demand has been delayed by persistent rainfall. Looking ahead, growing concerns over increased import arrivals from November could further weigh on prices.”

Shenhua Auction: PP outperforms LLDPE while market remains cautious