CommoPlast Article

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 17 September 2025, with the results for prime grades 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	1320	932	6550	$814	6560-6980	$815-868	70.6%
BOPP	300	30	6800	$845	6800	$845	10.0%
PPBC Inj	200	0	6600	$820	-	-	0.0%
LL Film	550	548	6950	$864	7000-7150	$870-889	99.6%
HD Film	100	0	7150	$889	-	-	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.

PP and LLDPE futures on the Dalian Commodity Exchange moved within a narrow range this morning, as Shenhua’s latest auction drew firmer buying interest for LLDPE film while other grades eased compared with the previous session.

Market participants noted that sentiment for LLDPE remains relatively stronger than PP, underpinned by seasonal agricultural film demand and consistent offtake from packaging converters. In contrast, PP continued to face selling pressure, with most deals concluded on a need-only basis.

“There is still ongoing demand for LLDPE, while PP transactions are largely cautious,” a trader said. “With the Golden Week holiday approaching, prices are unlikely to see significant upside. Sellers are instead open to negotiations to accelerate sales and clear inventories before the break.”

Despite the softer tone, homo-PP yarn registered a deal ratio of 70.6% at Shenhua’s auction—significantly larger in volume than LLDPE film. This suggests that while PP buying remains needs-based, demand has begun to stabilize following weeks of subdued activity.

Shenhua Auction: Sentiment Softens, LLDPE Outperforms PP