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Shenhua Auction: Discounts spur buying ahead of month-endParticipation in Shenhua’s latest auction showed moderate improvement for homo-PP yarn, largely supported by a CNY 50/ton discount, which lifted the clearance rate to 84%. LLDPE film activity remained subdued, with the clearance rate unchanged at 42.9%, reflecting continued selective, need-based buying |
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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 27 November 2025, with the results for prime grades as follows:
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Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
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CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
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Combined and reported by CommoPlast |
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PPH Yarn |
1100 |
924 |
6100 |
$763 |
6160-6250 |
$770-781 |
84.0% |
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LL Film |
350 |
150 |
6720 |
$840 |
6750-6760 |
$844-845 |
42.9% |
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*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. |
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Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Participation in Shenhua’s latest auction showed moderate improvement for homo-PP yarn, largely supported by a CNY 50/ton discount, which lifted the clearance rate to 84%. LLDPE film activity remained subdued, with the clearance rate unchanged at 42.9%, reflecting continued selective, need-based buying.
PP and LLDPE futures for the January 2026 contract on the Dalian Commodity Exchange traded in a soft, range-bound pattern during the morning session, providing limited directional guidance to the physical market.
Despite the uptick in PP activity, buyers remained cautious ahead of month-end, with many opting to limit positions and monitor price trends for early December. A domestic trader commented, “The discount drew some interest, but supply remains ample and most buyers are focused on managing year-end financial positions. Large purchases are unlikely until we see clearer price direction next month.”
The session illustrates a market that remains cautious but responsive to modest incentives. Unless downstream demand picks up or futures provide firmer guidance, sentiment is expected to stay defensive in the near term.
Written by: Kat Yun Yun
Edited by: Aiman Haikal
Country
China
