Print

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 14 November 2025, with the results for prime grades as follows:

Auction platform: https://www.e-chnenergy.com  

Auction time: Monday – Friday, 10 AM – 12 PM 

Key takeaways

Shenhua’s auction saw softer participation on Monday, with buyers showing limited interest across most PP and PE grades. The muted response reflected the broader tone of the market at the start of the week, where sentiment remained cautious and transaction appetite stayed thin.

PPH yarn and LLDPE futures on the Dalian Commodity Exchange traded within a narrow band, only posting a mild rebound in the final minutes of the morning session. The marginal futures uptick offered little support to physical demand, and most buyers remained on the sidelines.

The modest CNY20/ton increase in homo-PP yarn auction prices met clear resistance, resulting in restricted deal activity.

“Most producers kept offers steady compared with last Friday, but customers are clearly monitoring trends before acting,” a local trader said. “Only small, need-based purchases were concluded, and prices continue to struggle for upward momentum.”

LLDPE film recorded relatively better acceptance, clearing almost 70% of the offered volume. Buyers remained selective, responding mainly to specific price points rather than broader signals, reflecting ongoing caution amid comfortable spot availability.

Overall, the results indicate a tentative start to the week, characterised by limited restocking interest and subdued physical activity. Participants are expected to maintain a cautious stance, awaiting firmer direction from futures or fresh pricing incentives before committing to larger volumes.

Written by: Kat Yun Yun 

Edited by: Aiman Haikal

Country
China