Mar 14, 2025 9:31 p.m.

05 February 2025 - Shenhua's coal-based PP and PE Auction Results

Shenhua’s first online auction session after the extended holiday concluded on a subdued note, reflecting weak sentiment on the Dalian Commodity Exchange and lingering concerns over trade tensions.

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Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes 05 February 2025. 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

1220

643

7100

$863

7240-7400

$880-900

52.7%

PPBC

150

0

7750

$942

-

-

0.0%

LLDPE

900

90

7950

$966

7950

$966

10.0%

*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.

 

Shenhua’s first online auction session after the extended holiday concluded on a subdued note, reflecting weak sentiment on the Dalian Commodity Exchange and lingering concerns over trade tensions. Market sources indicate that many buyers have yet to fully resume operations, contributing to limited purchasing activity.

Despite a CNY 160/ton ($22/ton) reduction in LLDPE prices from pre-holiday levels, buying interest remained muted, underscoring cautious market sentiment. Participants expect subdued demand to persist throughout the week, with buyers closely monitoring potential price adjustments before making further commitments.

 

Background

Shenhua Baotou Coal Chemical Co, the largest coal-based polyolefins producer in China, operates through four subsidiaries: 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 boasts an annual production capacity of 2.65 million tons of PP, 750,000 tons of HDPE/LLDPE, and 570,000 tons of LDPE.

Active in spot trading, Shenhua Baotou also conducts daily auctions for its cargoes from 10 AM - 12 PM on its dedicated online platform, available at https://www.e-chnenergy.com.

 

 

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Written by: Kat Yun Yun 

Edited by: Muhammad Hafiz

 

 

 

Country

China