May 09, 2025 3:41 a.m.

Shenhua Auction: Buyers re-emerged on positive market signals

Trading activity on the Shenhua Auction Platform saw a sharp rebound during the second session of the week, driven by price reductions and a more optimistic market outlook.

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Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 07 May 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

1500

1498

6950

$851

6990-7360

$856-901

99.9%

LL Film

585.5

528.5

7150

$875

7210-7450

$883-912

90.3%

*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 saw a sharp rebound during the second session of the week, driven by price reductions and a more optimistic market outlook. Buyers actively pursued discounted parcels, though underlying concerns remain regarding the sustainability of the improved sentiment.

Shenhua lowered its auction prices by CNY 70/ton for homo-PP and CNY 100/ton for LLDPE film compared to the previous session. These price adjustments, in combination with a rebound in futures contracts on the Dalian Commodity Exchange—following a series of stimulus measures announced by the Chinese government—contributed to a renewed sense of confidence among buyers.

 

 

Written: Kat Yun Yun 

Edited: Rochelle Nguyen

 

Country

China