Shenhua Auction: Mild futures rebound fails to lift buying interest; resistance persists on higher-priced cargoes
At Shenhua’s latest auction, LLDPE film offers held broadly stable, while homo-PP yarn prices rose by about CNY70/ton from the previous session.
LL C4 Film PPH Raf
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 04 November 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 |
2500 |
1259 |
6220 |
$773 |
6220-6520 |
$773-810 |
50.4% |
|
LL Film |
600 |
400 |
6650 |
$827 |
6670-6850 |
$829-851 |
66.7% |
|
*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
At Shenhua’s latest auction, LLDPE film offers held broadly stable, while homo-PP yarn prices rose by about CNY70/ton from the previous session. On the Dalian Commodity Exchange, PP and LLDPE futures briefly rebounded early in the session before easing, with PP contracts underperforming LLDPE.
Market participants said higher PP offers met firm resistance from buyers, leading to limited transactions. “Even with discounts, demand remains sluggish, so it’s unsurprising that higher prices translated into fewer deals,” one trader said.
Some sellers trimmed spot LLDPE offers ahead of the auction, and a limited number of need-based purchases—notably for agricultural and seasonal film demand—helped support LLDPE clearing. Overall, sentiment remains cautious as participants await clearer signals from futures and feedstock benchmarks.
Written: Kat Yun Yun
Edited: Farid Muzaffar