CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 18 November 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	2400	2156	6200	$772	6200-6400	$772-797	89.8%
LL Film	450	324	6770	$843	6770-6840	$843-851	72.0%
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’s latest auction drew firmer interest on Wednesday, particularly led by higher deal volumes for homo-PP yarn as buyers responded to slightly lower offer levels. The uptick in activity came as PP and LLDPE futures on the Dalian Commodity Exchange extended their decline during the morning session, with PP futures slipping below last week’s range to hit their lowest point since 2020.

Traders said improved buying sentiment was partly driven by auction prices that were about CNY20/ton below Tuesday’s levels. Even so, broader spot demand remained subdued. “We are not seeing strong need-based purchasing this morning, even when we are open to negotiation,” a local seller said.

Purchases continued to centring on small, near-term requirements, and deal values for homo-PP yarn were still CNY10–20/ton below the previous day. Participants said this underscored the market’s persistent softness. With futures showing little sign of stabilising, most expect downward pressure to continue in the short term.

Shenhua Auction: Discounted prices stimulate PP buying, but on softer deal levels