Feb 25, 2020 8:21 a.m.

China: Auction sales result for Shenhua's coal-based PP and PE

Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.

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Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes on 14 February 2020. The following table showed the details of the auction results for prime grade only:

Product

Auction Volume

Deal Volume

Auction Prices

Deal Prices

Deal %

CNY/ton

USD/ton

CNY/ton

USD/ton

Combined and reported by CommoPlast

Homo-PP

2294

18

6450

$818

6650

$843

1%

PPBC

43

0

8400

$1065

-

-

0%

LLDPE

600

0

6700

$849

-

-

0%

LDPE

200

0

7500

$951

-

-

0%

HDPE

300

0

6700

$849

-

-

0%

*Auction and Deal volumes are in tonnage 

*All prices in CNY are included of 13% VAT rate and based on EXW China term

*All USD equivalent prices are excluded of 13% VAT rate

                 

Limited movement is observed on the auction platform on the final trading day of the week. Players continue to wait on the sideline in spite of lower prices.

Background

Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries, namely: Shenhua Xinjiang Coal-based New Materials Project, Shenhua Yulin Energy Co Ltd, Shenhua Baotou Coal Chemical Co Ltd and Shenhua Ningxia Coal Industry Group (Ningmei).

The company has an annual capacity of 2.65 million tons/year of PP, 750,000 tons/year of HDPE/LLDPE and 570,000 tons/year of LDPE.

Shenhua Baotou Coal Chemical Co is active in spot trading, while also conducting daily auction for its cargoes daily between 10AM to 12PM on the official online platform that specifically designed for this purpose: https://www.e-shenhua.com

Country

China