Shenhua Auction: Firmer futures lure cautious buyers back into the market
Transaction volumes for homo-PP yarn and LLDPE film rose notably at Shenhua’s latest session, supported by steadier movements in PP and LLDPE futures on the Dalian Commodity Exchange, which traded within a narrow range before softening slightly toward midday.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 11 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 |
2400 |
2012 |
6050 |
$752 |
6070-6440 |
$765-800 |
83.8% |
|
PPBC Inj |
238 |
0 |
6230 |
$774 |
- |
- |
0.0% |
|
LL Film |
500 |
500 |
6720 |
$835 |
6720-6810 |
$835-846 |
100.0% |
|
*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. |
|||||||
Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Transaction volumes for homo-PP yarn and LLDPE film rose notably at Shenhua’s latest session, supported by steadier movements in PP and LLDPE futures on the Dalian Commodity Exchange, which traded within a narrow range before softening slightly toward midday.
According to market sources, stronger buying interest reflected not only more competitive homo-PP yarn prices but also buyers’ efforts to lock in material ahead of a possible uptrend, as firmer futures raised expectations of higher prices in the near term.
A trader noted that lower-priced LLDPE film cargoes available earlier in the week were no longer on offer, while other grades held stable levels. “Some buyers who postponed purchases yesterday returned for limited restocking today, but overall sentiment remains cautious,” the trader said. “Many are still observing whether prices can truly stabilize; otherwise, the market may continue to fluctuate within a narrow range in the near term.”
Written: Kat Yun Yun
Edited: Farid Muzaffar