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.
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. |
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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