Shenhua Auction: Limited end-month cargoes, modest demand supports deals
With reduced supply, trading activity for homo-PP yarn improved slightly from the previous day, as the discount encouraged some buyers to make need-based purchases.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 31 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 |
900 |
734 |
6440 |
$802 |
6440-6490 |
$802-808 |
81.6% |
|
LL Film |
100 |
91 |
6940 |
$864 |
6940-6950 |
$864-865 |
91.0% |
|
*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
As the final trading day of the month, Shenhua offered limited volumes at its auction, having largely completed sales earlier with a modest CNY10/ton discount. PP and LLDPE futures on the Dalian Commodity Exchange opened rangebound but weakened notably by the end of the morning session.
With reduced supply, trading activity for homo-PP yarn improved slightly from the previous day, as the discount encouraged some buyers to make need-based purchases.
Market participants remained cautious heading into the new month, citing persistently weak sentiment and subdued downstream demand. Most expect prices to continue fluctuating within a narrow, soft range in the near term.
Written: Kat Yun Yun
Edited: Farid Muzaffar