Shenhua Auction: Modest futures rebound supported better sell-through rates
Compared to the previous trading session, today’s auction session on the Shenhua Auction Platform has shown some improvement, underpinned by a mild recovery in Dalian Commodity Exchange
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 16 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 |
|||||||
|
PPH Yarn |
2742 |
1963 |
6300 |
$782 |
6300-6610 |
$782-820 |
71.6% |
|
LL Film |
700 |
400 |
6700 |
$832 |
6720-6880 |
$834-854 |
57.1% |
|
*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
Compared to the previous trading session, today’s auction session on the Shenhua Auction Platform has remained relatively stable, underpinned by a mild recovery in Dalian Commodity Exchange (DCE) futures during the morning session. While both PP and LLDPE achieved satisfactory transactions, the overall sentiment is one of caution.
“It’s unclear whether prices have reached a cyclical bottom or if this is merely a technical rebound following recent declines,” said one source. “Buyers are still hesitant, closely watching market trends in the coming weeks. Since the end of the Golden Week holiday, overall sales have stayed sluggish.”
The modest rebound in DCE futures was largely seen as a technical correction after last week’s sharp declines when China’s market reopened. However, market participants emphasised that the recovery remains too limited to signal a broader turnaround, as abundant supply and tepid demand continue to weigh on sentiment and cap any meaningful upside.
Written: Kat Yun Yun
Edited: Farid Muzaffar