China Daily PP & PE Auction Results: Key Prices & Market Moves
Buyers maintained a cautious approach amid persistent market weakness. A recent survey revealed that packaging film production rates were 10–20% below typical March levels, highlighting the sluggish post-holiday recovery.
Auction date: 07 March 2025
|
Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
||
|
CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
||||
|
Combined and reported by CommoPlast |
|||||||
|
Shenhua (Coal-based) |
|||||||
|
PPH yarn |
1750 |
1639 |
7080 |
$864 |
7080-7390 |
$864-902 |
93.7% |
|
LL film |
670 |
268 |
7950 |
$970 |
7970-8100 |
$973-989 |
40.0% |
|
|
|||||||
|
Shandong Yulong (Oil-based) |
|||||||
|
PPH yarn |
1740 |
1740 |
7140 |
$872 |
7350-7380 |
$897-901 |
100.0% |
|
PPH inj |
300 |
300 |
7140 |
$872 |
7350-7380 |
$897-901 |
100.0% |
|
LL film (FD) |
3900 |
3690 |
8220 |
$1001 |
8220-8510 |
$1003-1039 |
94.6% |
|
LL film (EXW) |
432 |
432 |
8200 |
$1001 |
8280-8320 |
$1011-1016 |
100.0% |
|
*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 Auction Platform
Demand for coal-based LLDPE film remained subdued, with Shenhua selling only 40% of its allocated volume despite a stronger Dalian Commodity Exchange. Buyers maintained a cautious approach amid persistent market weakness. A recent survey revealed that packaging film production rates were 10–20% below typical March levels, highlighting the sluggish post-holiday recovery.
Shandong Yulong Petrochemical
In contrast to the sluggish demand on the Shenhua Auction Platform, Shandong Yulong achieved solid auction results, which market sources attributed to its distinct location and customer base. With the producer still in the early stages of ramping up its newly constructed petrochemical complex in Shandong, China, buyers anticipate higher auction volumes once all units are fully operational.
Written by: Kat Yun Yun
Edited by: Derek Yong