CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its daily auction session on 19 June 2025 with steady results across key grades. The summary of transactions is as follows:

Product	Auction Volume	Deal Volume	Auction Prices		Deal Prices		Deal %
Product	Auction Volume	Deal Volume	CNY/ton	USD/ton	CNY/ton	USD/ton	Deal %
*Combined and reported by CommoPlast*
PPH Yarn	1756	1607	7010	$863	7130-7300	$878-898	91.5%
PPBC Inj	250	30	8800	$837	7300	$898	12.0%
LL Film	50	50	7300	$898	7380-7390	$908-910	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 outcomes on the Shenhua platform continued to show resilience, with homo-PP yarn and LLDPE film securing solid deal volumes. Market sentiment remained underpinned by strength in futures trading on the Dalian Commodity Exchange, which lent support to buying confidence despite otherwise measured demand.

“The market is cautiously optimistic,” commented one trader. “Buyers are still replenishing conservatively—activity is not exactly hot, but definitely not cold either.”

A key development emerged in the LLDPE segment, where auction volumes dropped dramatically to just 50 tons—marking a sharp decline since earlier in the week. The move has sparked speculation among market participants that Shenhua may be reallocating more stock to offline channels, possibly in pursuit of improved netbacks amid a gradually improving market tone.

Drastic drop in LLDPE auction volume sparked market concerns