Shenhua Auction: Trading activity rebounds amid stronger external support
Trading sentiment on the Shenhua Auction Platform remained firm during the second trading session of the week, driven by robust performance in futures contracts on the Dalian Commodity Exchange and rising energy costs.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction session on 10 June 2025 with improved transaction volumes, supported by stronger external market dynamics.
|
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 |
1536 |
1536 |
6950 |
$857 |
6990-7800 |
$862-961 |
100.0% |
|
PPBC Inj |
200 |
110 |
6700 |
$826 |
6730-7250 |
$829-894 |
55.0% |
|
LL Film |
400 |
400 |
7020 |
$865 |
7020-7100 |
$865-875 |
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:
Trading sentiment on the Shenhua Auction Platform remained firm during the second trading session of the week, driven by robust performance in futures contracts on the Dalian Commodity Exchange and rising energy costs. For the first time in several weeks, Shenhua achieved full clearance on major grades—such as PPH yarn and LLDPE film—without resorting to steep price concessions.
Market sources indicated that while the immediate uptick in transactions is encouraging, the longevity of this rebound remains uncertain. “The market is rather active. That said, we are unsure of the sustainability of this recovery, as most of the purchases remain cautious and limited in volume,” one participant remarked.
Written: Kat Yun Yun
Edited: Rochelle Nguyen