Shenhua Auction: Rebound in futures trading draws buyers back to the market
The resurgence in Dalian Commodity Exchange futures contracts has reignited interest from arbitrage traders, who returned to the Shenhua platform to meet immediate procurement needs.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 04 June 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 |
965 |
965 |
6950 |
$855 |
6950-7190 |
$855-885 |
100.0% |
|
PPBC Inj |
150 |
0 |
7250 |
$892 |
- |
- |
0.0% |
|
LL Film |
300 |
300 |
6990 |
$860 |
7000-7040 |
$862-866 |
100.0% |
|
*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 resurgence in Dalian Commodity Exchange futures contracts has reignited interest from arbitrage traders, who returned to the Shenhua platform to meet immediate procurement needs. The combination of firmer futures and tightening auction volumes supported a full sell-through for both homo-PP yarn and LLDPE film grades.
Despite the robust transaction rates, sentiment across the broader market remains cautious, with many players citing ongoing concerns about the macroeconomic outlook.
Written: Kat Yun Yun
Edited: Rochelle Nguyen