Shenhua Auction: Lower auction offers revived purchasing interest

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 08 August 2025, with the results for prime grades as follows:

Auction platform: https://www.e-chnenergy.com  

Auction time: Monday – Friday, 10 AM – 12 PM 

Key takeaways:

Shenhua concluded the final auction session of the week with a modest uptick, as lower offer levels helped coax some buying interest back into the market ahead of the weekend.

Most cargoes were offered at CNY 50–60/ton below the previous session’s levels, prompting selective purchases largely driven by immediate replenishment needs rather than broader restocking activity.

“Buyers have only been stepping in when there are clear discounts,” one local trader commented. “Even for need-based procurement, it’s difficult for prices to gain any real traction. While seasonal demand may start to improve in the coming weeks, we believe caution is still warranted until firmer signs of recovery emerge.”

Market sentiment remains tentative, with buying decisions hinging heavily on short-term price competitiveness and a lack of sustained support from the futures market.

Written by: Kat Yun Yun 

Edited by: Farid Muzaffar