Shenhua Auction: Auction sales improved on an early-session futures upturn
Trading activity on the Shenhua Auction platform strengthened compared to the previous day, supported by an early-session rebound on the Dalian Commodity Exchange.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 13 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 |
1550 |
1523 |
7120 |
$870 |
7150-7320 |
$874-895 |
98.3% |
|
PPH Inj |
222 |
122 |
7000 |
$856 |
7030 |
$859 |
55.0% |
|
LL Film |
940 |
799 |
7900 |
$966 |
7960-8030 |
$973-982 |
85.0% |
|
*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. |
|||||||
Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Key takeaways:
Trading activity on the Shenhua Auction platform strengthened compared to the previous day, supported by an early-session rebound on the Dalian Commodity Exchange. Although auction prices for homo-PP were higher than the prior session, market sources attributed the increase to the absence of several warehouses that made up the lower end in the previous session rather than a rise in demand.
The most notable improvement was in the homo-PP yarn segment, where purchase volumes surged from 34% in the prior session to 98.3%. However, market participants noted that buying interest remained measured, with transactions largely limited to hand-to-mouth replenishment as buyers continued to avoid stockpiling.
Written by: Kat Yun Yun
Edited by: Derek Yong