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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 30 October 2025 with mixed results, as weaker sentiment and higher offer levels curbed transaction volumes.

Auction platform: https://www.e-chnenergy.com  

Auction time: Monday – Friday, 10 AM – 12 PM 

Trading sentiment at Shenhua’s latest auction remained subdued, mirroring the weak, range-bound performance on the Dalian Commodity Exchange. LLDPE futures showed slightly firmer momentum than PP, but overall activity stayed muted as the market approached month-end.

Shenhua offered fewer cargoes for sale, yet sales pressure persisted for homo-PP yarn, with over 1,000 tons remaining unsold. The withdrawal of lower-priced lots seen in previous sessions prompted buyer resistance to higher offers, resulting in softer deal volumes.

Transaction prices for homo-PP yarn fell by CNY 20–30/ton from the previous day, as converters limited purchases to essential requirements. Meanwhile, LLDPE film recorded a 75% sell-through on a lower auction volume, supported by steady downstream demand though overall sentiment remained cautious.

Market participants said most buyers are holding back ahead of November offers, while attention turned to the summit between US-China, which could shape near-term sentiment.

After the summit, US President Donald Trump announced easing of tariffs on Chinese goods — cutting rates to 47% from 57% — in exchange for Beijing’s commitment to resume US soybean purchases, maintain rare earth exports, and tighten controls on illicit fentanyl trade. Market participants are hopeful that progress in US-China negotiations could ease uncertainty and lend some stability to global trade flows.

Written: Kat Yun Yun 

Edited: Aiman Haikal

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China