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Shenhua Auction: Futures snap losing streak, prompting selective restockingHomo-PP yarn, offered at CNY 40/ton above earlier levels, drew steady interest even as previously released lower-priced cargoes had been cleared. LLDPE film, priced at a CNY 20/ton discount, also saw firmer deal activity, suggesting a measured but responsive pickup in buying. |
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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 28 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 |
900 |
894 |
6140 |
$767 |
6180-6300 |
$772-787 |
99.3% |
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LL Film |
350 |
250 |
6700 |
$837 |
6700-6750 |
$837-844 |
71.4% |
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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
PP and LLDPE futures on the Dalian Commodity Exchange rebounded on Friday, ending a five-day losing streak and offering modest support to Shenhua’s morning auction. The uptick prompted a round of selective replenishment after several sessions of subdued activity.
Homo-PP yarn, offered at CNY 40/ton above earlier levels, drew steady interest even as previously released lower-priced cargoes had been cleared. LLDPE film, priced at a CNY 20/ton discount, also saw firmer deal activity, suggesting a measured but responsive pickup in buying.
Market participants noted that the combination of minor price adjustments and the futures rebound encouraged local traders and downstream buyers to secure limited volumes. Transaction levels, however, remained selective and largely tied to immediate demand rather than speculative buying.
“The price adjustments today were minor, but the futures rebound encouraged more customers, especially local traders, to replenish some cargoes after several quiet days. It’s unclear whether prices can extend the recovery next month, so we remain cautious heading into the year-end period,” a market participant said.
The session underscored a market still navigating uncertainty. Unless futures maintain upward traction or downstream demand improves, buying is likely to stay measured. Clearance levels indicate that while interest has returned in pockets, overall sentiment remains defensive as the year-end approaches.
Written by: Kat Yun Yun
Edited by: Aiman Haikal
Country
China
