Nov 30, 2022 4:19 a.m.

[FREE] 30 September 2022 - Shenhua's coal-based PP and PE Auction Results

On the final trading day of the month, however, Shenhua continues to place some quantities for homo-PP and LLDPE on the auction platform at CNY100-150/ton increase from the previous session.

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Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes on 30 September 2022. 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

950

800

7950

$990

8000-8300

$996-1033

84.2%

PP Fiber

-

-

-

-

-

-

-

PPBC

-

-

-

-

-

-

-

LLDPE

350

200

8150

$1014

8230-8620

$1024-1073

57.1%

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.

                 

On the final trading day of the month, however, Shenhua continues to place some quantities for homo-PP and LLDPE on the auction platform at CNY100-150/ton increase from the previous session. Purchasing activities were somewhat satisfactory given the resilient Dalian Commodity Exchange. 

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-chnenergy.com

Country

China