Shenhua Auction: Sentiment weakened as futures retreat ahead of weekend
Trading sentiment on Shenhua’s auction platform cooled noticeably on Friday as both PP and LLDPE futures on the Dalian Commodity Exchange reversed Thursday’s rebound.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 17 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 |
1966 |
447 |
6300 |
$783 |
6400-6520 |
$795-810 |
22.7% |
|
PPBC Inj |
100 |
33 |
6300 |
$783 |
6300 |
$783 |
33.0% |
|
LL Film |
500 |
132 |
6890 |
$856 |
6900 |
$858 |
26.4% |
|
*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
Trading sentiment on Shenhua’s auction platform cooled noticeably on Friday as both PP and LLDPE futures on the Dalian Commodity Exchange reversed Thursday’s rebound. The renewed softness in futures dampened market confidence, leading to a sharp decline in sell-through rates across all grades compared with the previous session.
Market participants said that lower-priced LLDPE cargoes offered a day earlier had already been cleared, leaving only higher-priced lots in today’s auction, which faced limited buying interest.
“It’s not surprising that sentiment has weakened again,” a local trader said. “Most buyers yesterday only made need-based purchases rather than speculative ones.”
As the market heads into the weekend, activity has slowed further, with participants largely adopting a wait-and-see approach amid an uncertain near-term outlook. The overall tone across China’s polyolefin complex remains cautious, with no clear signal of stabilisation in sight.
Written: Kat Yun Yun
Edited: Aiman Haikal