CommoPlast

15 June 2021: Auction sales result for Shenhua's coal-based PP and PE

15 June 2021: Auction sales result for Shenhua's coal-based PP and PE



Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes on 15 June 2021. The following table showed the details of the auction results for prime grade only: 

Product

Auction Volume

Deal Volume

Auction Prices

Deal Prices

Deal %

CNY/ton

USD/ton

CNY/ton

USD/ton

Combined and reported by CommoPlast

Homo-PP

1276

781

8200

$1134

8200-8500

$1134-1175

61.2%

PP Fiber

-

-

-

-

-

-

-

PPBC

66

66

8320

$1152

8320-8330

$1150-1152

100.0%

LLDPE

800

482

7500

$1037

7600-7900

$1051-1092

60.3%

LDPE

40

40

9550

$1321

9550-9560

$1321-1322

100.0%

HDPE

-

-

-

-

-

-

-

*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.

                 

Chinese bidders remain cautious on the first trading day after the long weekend holiday, reflected in the moderate number of transactions on the Shenhua auction platform, especially for homo-PP.

Background

Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries, namely: Shenhua Xinjiang Coal-based New Materials Project, Shenhua Yulin Energy Co Ltd, Shenhua Baotou Coal Chemical Co Ltd and Shenhua Ningxia Coal Industry Group (Ningmei).

The company has an annual capacity of 2.65 million tons/year of PP, 750,000 tons/year of HDPE/LLDPE and 570,000 tons/year of LDPE.

Shenhua Baotou Coal Chemical Co is active in spot trading, while also conducting the daily auction for its cargoes daily between 10AM to 12PM on the official online platform that specifically designed for this purpose: https://www.e-shenhua.com


Country
China