Jan 20, 2022 3:31 p.m.

[FREE] 6 December 2021 - Shenhua's coal-based PP and PE Auction Results

Deal prices on the Shenhua auction platform fell sharply from the previous session, which gained healthy responses from the market.

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Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes 06 December 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

640

639

7900

$1098

7900-8300

$1098-1153

99.8%

PP Fiber

-

-

-

-

-

-

-

PPBC

-

-

-

-

-

-

-

LLDPE

320

320

8400

$1167

8500-8860

$1181-1231

100.0%

LDPE

-

-

-

-

-

-

-

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.

                 

Deal prices on the Shenhua auction platform fell sharply from the previous session, which gained healthy responses from the market. However, the producer continues to allocate smaller quantities for both PP and PE. 

Background

Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operating 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