Dec 07, 2021 5:41 a.m.

[FREE] 15 October 2021 - Shenhua's coal-based PP and PE Auction Results

Chinese customers continue to shy away from making new purchases on the final trading day of the week, considering the lack of momentum on the Dalian Commodity Exchange

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Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes on 15 October 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

1630

156

9400

$1292

9600-9700

$1319-1333

9.6%

PP Fiber

-

-

-

-

-

-

-

PPBC

50

0

900

$1347

-

-

0.0%

LLDPE

-

-

-

-

-

-

-

LDPE

-

-

-

-

-

-

-

HDPE

250

0

9100

$1250

-

-

0.0%

*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.

                 

Chinese customers continue to shy away from making new purchases on the final trading day of the week, considering the lack of momentum on the Dalian Commodity Exchange throughout the morning session. Trading sentiment has been dwindling for the entire week. 

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