Shenhua Auction: PP sales edged up to solid, outperforming LLDPE
The Shenhua Auction Platform closed with mixed acceptance rates, maintaining the divergence between the PP and LLDPE segments. This disparity mirrored trends on the Dalian Commodity Exchange, where PP contracts continued to outperform LLDPE.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 25 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 |
1540 |
1540 |
7030 |
$857 |
7030-7310 |
$857-891 |
100.0% |
|
PPBC Inj |
100 |
99 |
6850 |
$835 |
6850-6860 |
$835-836 |
99.0% |
|
LL Film |
600 |
372 |
7750 |
$945 |
7760-7850 |
$946-957 |
62.0% |
|
*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:
The Shenhua Auction Platform closed with mixed acceptance rates, maintaining the divergence between the PP and LLDPE segments. This disparity mirrored trends on the Dalian Commodity Exchange, where PP contracts continued to outperform LLDPE.
In the LLDPE segment, acceptance rates fell to 62% from 78.4% in the prior session, despite a 562-ton reduction in allocations. The decline in interest coincided with the absence of cargoes priced at CNY7,700/ton EXW China, VAT included, which had previously supported buying activity.
In contrast, PP cargo uptake remained at or near 100% for a second consecutive session, reflecting comparatively stronger needs-based purchasing.
Written by: Kat Yun Yun
Edited by: Derek Yong