Print

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 26 December 2025, with the results for prime grades as follows:

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

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

Key takeaways:

The subdued outcome of the auction session reflected a combination of weakening futures market performance and limited downstream appetite ahead of the weekend. Buyers largely refrained from fresh procurement, opting instead to monitor broader market direction amid lingering macro uncertainty.

Despite the lacklustre participation, Shenhua showed little urgency to recalibrate offer levels. Market sources attributed the firm pricing stance to the absence of immediate sales pressure, particularly given the sharply reduced auction volume.

The allocation of just 57 tonnes of PP block copolymer fuelled market speculation that Shenhua may have largely exhausted its sales quotas for the year. As a result, participants widely expect auction activity to remain thin through the final trading days of 2025, with limited implications for near-term spot pricing.

Attention is now shifting decisively toward the producer’s 2026 sales strategy. “The market is waiting for official guidance on next year’s allocation apportionment,” a participant said. “That will be critical in assessing supply visibility and the pricing trajectory heading into the new year.”

Written by: Kat Yun Yun 

Edited by: Rochelle Nguyen

Country
China