Shenhua Auction: Price adjustments boosted competitiveness of auctioned cargoes
The session saw improved uptake, with LLDPE film achieving near-total clearance and homo-PP yarn attracting solid bids.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 09 September 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 |
1316 |
876 |
6600 |
$820 |
6800-7020 |
$845-873 |
66.6% |
|
PPBC Inj |
100 |
0 |
6700 |
$833 |
- |
- |
0.0% |
|
LL Film |
450 |
440 |
6920 |
$860 |
6940-7150 |
$863-889 |
97.8% |
|
HD Film |
50 |
0 |
7300 |
$907 |
- |
- |
0.0% |
|
*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
The session saw improved uptake, with LLDPE film achieving near-total clearance and homo-PP yarn attracting solid bids. The momentum was partly supported by a CNY30/ton reduction in LLDPE starting offers, while PP and LLDPE futures on the Dalian Commodity Exchange traded in a steady, narrow band during the morning.
Market sources stressed, however, that transactions remained firmly need-based rather than pointing to a broader rebound. “The price adjustment effectively boosted the platform’s competitiveness versus the domestic spot market, which facilitated trades,” a local trader observed.
Overall, the session reflected modest support from price adjustments and steadier futures, though demand remains largely need-driven. With downstream appetite still constrained, sentiment is expected to stay cautious until clearer signals emerge from September supply dynamics and futures performance.
Written: Kat Yun Yun
Edited: Aiman Haikal