Shenhua Auction: Lower offers spur modest buying interest
Trading sentiment on the Shenhua Auction Platform improved significantly compared to the previous session as the coal-based producer trimmed auction prices by CNY 50/ton to mitigate the impact of the continued weakening futures trading.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 09 October 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 |
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|
PPH Yarn |
2589 |
1586 |
6450 |
$802 |
6450-6740 |
$802-838 |
61.2% |
|
PPBC inj |
200 |
199 |
6400 |
$795 |
6400-6550 |
$795-814 |
99.5% |
|
LL Film |
590 |
588 |
6850 |
$851 |
6850-7040 |
$851-875 |
99.7% |
|
*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
Trading sentiment on the Shenhua Auction Platform improved significantly compared to the previous session as the coal-based producer trimmed auction prices by CNY 50/ton to mitigate the impact of the continued weakening futures trading. The softer price decision immediately attracted buying interest, boosting the sell-through rates.
Market sources said some buyers who had stayed on the sidelines earlier in the week returned to make small-volume purchases to meet immediate production needs. “Buying appetite has improved compared with yesterday, but most customers remain cautious,” a trader commented. “Purchases are still focused on short-term requirements, as there’s no clear signal of price stabilisation yet.”
PPBC injection and LL film grades saw nearly full clearances at the auction, though total volumes offered were limited. In contrast, homo-PP yarn achieved a deal success rate of just 61.2%. Participants expect needs-based buying to persist into next week, with little indication of a near-term recovery in market fundamentals.
Written: Kat Yun Yun
Edited: Farid Muzaffar