Shenhua Auction: Discounts spurred purchasing interest
With major futures contracts on the Dalian Commodity Exchange regaining momentum, Shenhua maintained auction prices for all available grades unchanged from the previous session. However, transactions were finalized at CNY 20–40/ton lower,
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 10 March 2025, with the results for prime grades as follows:
|
Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
||
|
CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
||||
|
Combined and reported by CommoPlast |
|||||||
|
PPH Yarn |
1750 |
1516 |
7080 |
$863 |
7080-7350 |
$863-896 |
86.6% |
|
PPBC Inj |
168 |
0 |
7180 |
$875 |
- |
- |
0.0% |
|
LL Film |
600 |
598 |
7950 |
$969 |
7950-8070 |
$969-984 |
99.7% |
|
*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. |
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Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Key takeaways:
With major futures contracts on the Dalian Commodity Exchange regaining momentum, Shenhua maintained auction prices for all available grades unchanged from the previous session. However, transactions were finalized at CNY 20–40/ton lower, underscoring the producer’s efforts to stimulate sales amid weak demand and intensifying competition.
Market sources noted that the combination of reduced coal-based LLDPE film availability and strategic price adjustments played a crucial role in supporting auction performance for this grade.
Written by: Kat Yun Yun
Edited by: Derek Yong