Shenhua Auction: Coal-based producer wrapped up April on a mixed note
While demand for homo-PP yarn remained robust—reflected in a near-complete clearance rate—interest in LLDPE film was conspicuously absent. This comes despite a modest discount of CNY 10/ton applied to the offered price
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 30 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 |
196 |
7130 |
$868 |
7130 |
$868 |
98.0% |
|
LL Film |
200 |
0 |
7300 |
$889 |
- |
- |
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. |
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Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Key takeaways:
Shenhua continued to allocate smaller allocations to the auction session as the producer wrapped up its April businesses. While demand for homo-PP yarn remained robust—reflected in a near-complete clearance rate—interest in LLDPE film was conspicuously absent. This comes despite a modest discount of CNY 10/ton applied to the offered price, which failed to stimulate buying enthusiasm.
Sentiment in the Chinese domestic market has softened considerably as participants enter the Labour Day holiday period. Concerns over the demand outlook in early May have led to a cautious approach, with many buyers opting to delay procurement decisions.
“Any rush decision at the moment could lead to financial losses in the coming weeks. We remain conservative and selective in our purchases,” commented a market participant.
Written: Kat Yun Yun
Edited: Rochelle Nguyen