Sharp fall in auction volumes continued to result in diverged results
This performance came without the need for further discounts, highlighting the firm support for PP amid reduced supply. The auction volume was notably cut to just 200 tons due to the month-end closing.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 29 April 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 |
200 |
200 |
7140 |
$869 |
7140 |
$869 |
100.0% |
|
LL Film |
200 |
0 |
7310 |
$890 |
- |
- |
0.0% |
|
*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:
Despite a downturn in futures contracts on the Dalian Commodity Exchange, Shenhua successfully achieved full sales for coal-based homo-PP yarn cargoes. This performance came without the need for further discounts, highlighting the firm support for PP amid reduced supply. The auction volume was notably cut to just 200 tons due to the month-end closing.
In stark contrast, LLDPE film cargoes failed to attract any buying interest, even with similarly low auction volumes. The complete lack of concluded deals underscores the persistent weakness in LLDPE demand.
Written by: Kat Yun Yun
Edited by: Rochelle Nguyen