Shenhua Auction: Need-based buying supported auction results at the week’s start
The session delivered only moderate trading interest, with deal volumes subdued as buyers confined their procurement to immediate requirements.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its 18 August 2025 auction with lacklustre results, underscoring ongoing caution in the domestic market. The outcomes for key prime grades were 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 |
1480 |
921 |
6770 |
$834 |
6920-7060 |
$853-870 |
62.2% |
|
PPH Inj |
50 |
0 |
6800 |
$838 |
- |
- |
0.0% |
|
PPBC |
300 |
208 |
6650 |
$820 |
6650-7100 |
$820-875 |
69.3% |
|
LL Film |
250 |
200 |
7140 |
$880 |
7190-7200 |
$886-887 |
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:
The session delivered only moderate trading interest, with deal volumes subdued as buyers confined their procurement to immediate requirements. Market sentiment remained tethered to weakness on the Dalian Commodity Exchange, where the absence of meaningful discounts offered little incentive for speculative or forward buying.
A local participant characterised the transactions as “minor and not reflective of actual demand conditions,” cautioning that prices could face continued pressure over the coming days.
The restrained participation highlights persistent buyer caution, with market players closely watching whether Shenhua — or other major producers — may be compelled to introduce further price concessions as the week advances.
Written: Kat Yun Yun
Edited: Aiman Haikal