Shenhua Auction: Tight year-end supply and firmer futures drive full sell-through
Shenhua’s year-end auction demonstrated robust market appetite, with all lots achieving full sell-through. Stronger futures activity, coupled with rising spot prices, bolstered the competitiveness of coal-based PP and PE cargoes.
Shenhua Baotou Coal Chemical Co., produsen petrokimia dari batubara terbesar di China, menyelesaikan lelangnya pada 25 Desember 2025, hasil di semua grade prime:
|
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 |
402.9 |
402.9 |
5850 |
$740 |
5850-6120 |
$740-774 |
100.0% |
|
PPBC Inj |
1.1 |
1.1 |
6040 |
$764 |
6040 |
$764 |
100.0% |
|
LL Film |
300 |
300 |
6200 |
$784 |
6200 |
$784 |
100.0% |
|
LD Film |
13.7 |
13.7 |
7800 |
$986 |
7800 |
$986 |
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. |
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Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Poin-poin utama :
Lelang akhir tahun Shenhua terlihat minat pasar menguat, semua lot terjual habis. Aktivitas futures lebih tinggi, dikombinasikan kenaikan harga spot, memperkuat daya saing kargo PP dan PE dari batubara.
“Meski harga spot lokal naik CNY 50–100/ton, Shenhua menurunkan harga lelang PP homo sebesar CNY 110/ton, menciptakan selisih harga signifikan antara pasar lelang dan spot,” ujar seorang pembeli. “Hal ini dengan alami menarik pembeli ke kargo dengan harga lebih kompetitif.”
Momentum transaksi juga didukung volume terbatas dalam lelang, seiring produsen mempercepat penutupan akhir tahun menjelang 2026. Perhatian pasar kini beralih pada keberlanjutan rally futures, yang akan menjadi faktor penentu apakah permintaan kuat saat ini dan tingkat penjualan penuh bisa dipertahankan hingga sisa 2025.
Written by: Kat Yun Yun
Edited by: Rochelle Nguyen