Shenhua Auction: Need-based buying continues amid cautious sentiment
Shenhua’s auction wrapped up the shortened trading week with a robust performance for PPH yarn and LLDPE film, supported by minor downward price adjustments that made deals more attractive.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction on 09 May 2025, with the results for prime grades as follows:
|
Product |
Auction Volume |
Deal Volume |
Auction Prices |
Deal Prices |
Deal % |
||
|
CNY/ton |
USD/ton |
CNY/ton |
USD/ton |
||||
|
Combined and reported by CommoPlast |
|||||||
|
PPH Yarn |
1630 |
1596 |
7050 |
$861 |
7090-7340 |
$865-896 |
97.9% |
|
PPBC Inj |
483 |
0 |
6900 |
$842 |
- |
- |
0.0% |
|
LL Film |
570 |
451 |
7130 |
$870 |
7130-7300 |
$870-891 |
79.1% |
|
*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 platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Key takeaways:
Shenhua’s auction wrapped up the shortened trading week with a robust performance for PPH yarn and LLDPE film, supported by minor downward price adjustments that made deals more attractive. However, PPBC injection failed to register any trades, indicating persistent weakness in that segment.
Traders remained cautious amid macroeconomic uncertainty, particularly as attention turns to the upcoming US-China trade discussions over the weekend. While hopes linger for a positive breakthrough, market participants have so far refrained from speculative buying.
“Need-based purchases are still present; however, the demand is not strong enough to support any price hikes at the moment. We prefer to minimise the on-hand stocks to avoid any potential price risks,” a trader commented.
Written: Kat Yun Yun
Edited: Rochelle Nguyen