CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 15 July 2025 with noticeably weaker participation across key PP and PE grades. The results for prime grades are 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	1700	816	6950	$858	6960-7140	$859-881	48.0%
PPH Fiber	66	66	7150	$882	7150	$882	100.0%
PPBC	233	100	6700	$827	6700-6710	$827-828	42.9%
LL Film	500	232	6950	$858	6950-7100	$858-876	46.4%
HD Film	100	0	7550	$932	-	-	0.0%
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.

Trading sentiment on the Shenhua Auction Platform deteriorated notably on Tuesday, as continued declines in Dalian Commodity Exchange futures further eroded confidence. Bidding activity was subdued, particularly in the absence of attractively priced cargoes that had spurred stronger sales a day earlier—highlighting the growing price sensitivity among buyers.

“As most customers remain pessimistic about the near-term outlook, today’s softer futures market has only deepened the cautious stance,” a local trader commented. “Even traders who were actively buying yesterday have stepped back.

Industry participants pointed to the lack of fundamental support on either end of the value chain—no meaningful shift in upstream costs nor any substantial improvement in downstream demand. This has left many buyers hesitant, preferring to defer purchases until clearer market direction emerges.

Unless a catalyst triggers renewed buying interest, Shenhua’s auction platform may continue to see tepid participation in the days ahead.

Shenhua Auction: Deal volumes decline amid waning market confidence