Shenhua Auctions: Demand holds firm amid upward pricing moves
Trading activities on the Shenhua Auction Platform remained resilient on Wednesday, underpinned by continued firming futures contracts and a general uptick in domestic spot prices.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 06 August 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 |
1322 |
1100 |
6920 |
$852 |
6960-7100 |
$857-874 |
83.2% |
|
PPH Inj |
100 |
100 |
6900 |
$849 |
6900 |
$849 |
100.0% |
|
PPBC |
200 |
93 |
7100 |
$874 |
7100-7240 |
$874-891 |
46.5% |
|
LL Film |
450 |
450 |
6970 |
$858 |
7050-7220 |
$868-889 |
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 activities on the Shenhua Auction Platform remained resilient on Wednesday, underpinned by continued firming futures contracts and a general uptick in domestic spot prices.
Although the coal-based producer raised auction prices for LLDPE by CNY 20/ton from the previous day, these parcels remained more attractive compared to the CNY 50/ton hike in domestic spot prices. “Price-sensitive buyers opted to procure the needed quantities from the auction platform, which drove the transactions,” a trader commented.
By contrast, PP block copolymer (PPBC) saw limited interest, as buyers continued to resist the higher premiums — a trend consistent with its recent subdued performance.
Written by: Kat Yun Yun
Edited by: Aiman Haikal