CommoPlast | Article - Shenhua Auction: Steady demand supported satisfactory deal volumes despite tepid market mood

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its online auction on 12 June 2025 with results indicating moderate yet stable demand. The auction outcomes for key prime-grade polyolefins were 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	1786	1287	6950	$857	6980-7220	$860-890	72.1%
PPBC Inj	166	66	6700	$826	6700	$826	39.8%
LL Film	400	330	7050	$869	7070-7090	$871-874	82.5%
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:

While trading activity on the Shenhua Auction Platform has moderated compared to earlier this week, the overall deal performance remains satisfactory, particularly for LLDPE film and PPH yarn. The robust sell-through rates suggest that basic procurement demand continues to underpin the market, even in the absence of strong speculative interest.

However, lingering macroeconomic uncertainty—particularly due to the protracted US-China trade negotiations—continues to weigh on sentiment and restrict more aggressive buying behaviour.

“Stable price levels, coupled with the upward movement in futures on the Dalian Commodity Exchange, contributed to a degree of transactional stability. This highlights the market’s heightened sensitivity to price movements,” noted one trader.

Written: Kat Yun Yun

Edited: Rochelle Nguyen

Country

China