Shenhua Auction: Transactions weakened as buying sentiment sours
Shenhua posted weaker deal volumes for PP and LLDPE in its Thursday auction session, with buying largely confined to small, need-based purchases as sentiment soured.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 14 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 |
1166 |
729 |
6850 |
$845 |
6950-7030 |
$858-868 |
62.5% |
|
PPH Inj |
50 |
0 |
6900 |
$852 |
- |
- |
0.0% |
|
BOPP |
200 |
0 |
7050 |
$870 |
- |
- |
0.0% |
|
PPBC |
250 |
16 |
6850 |
$845 |
7150 |
$882 |
6.4% |
|
LL Film |
250 |
200 |
7170 |
$885 |
7190-7200 |
$887-889 |
80.0% |
|
*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. |
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Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Key takeaways:
Shenhua posted weaker deal volumes for PP and LLDPE in its Thursday auction session, with buying largely confined to small, need-based purchases as sentiment soured.
Trades for both products slipped from the previous day, pressured by a late-morning drop in futures that eroded confidence. “The PP and LLDPE futures were range-bound earlier, but weakened sharply just before the session closed,” a local trader said. “Many buyers had already covered needs earlier in the week and preferred to stay on the sidelines.”
Confidence in the near-term outlook remains subdued, with several players anticipating continued price pressure heading into the weekend.
Written by: Kat Yun Yun
Edited by: Farid Muzaffar