Shenhua Auction: Sell-through rates slipped amid softer futures contracts on the Dalian Commodity Exchange
The latest auction session reflected a more restrained market mood, particularly for PP homo yarn and LLDPE film, as participants reacted to weakening futures performance on the Dalian Commodity Exchange (DCE).
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 22 July 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 |
1890 |
1385 |
6950 |
$858 |
6950-7090 |
$858-875 |
73.3% |
|
PPH Inj |
116 |
66 |
6780 |
$837 |
6830-6840 |
$843-844 |
56.9% |
|
PPBC |
317 |
49 |
6720 |
$8829 |
6760 |
$834 |
15.5% |
|
LL Film |
500 |
434 |
6950 |
$858 |
6990-7130 |
$863-880 |
86.8% |
|
HD Film |
50 |
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. |
|||||||
Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Market Insight
The latest auction session reflected a more restrained market mood, particularly for PP homo yarn and LLDPE film, as participants reacted to weakening futures performance on the Dalian Commodity Exchange (DCE). Traders observed that deal volumes for both grades fell below previous sessions, attributing the decline to slightly firmer auction prices and a diminished speculative appetite.
Auction prices for both PP homo yarn and LLDPE film were reportedly CNY30/ton higher than the previous day, which met resistance from buyers, especially amid a broader cooling in market tone.
“Although the overall transaction volume still looked decent, most of the sales appeared to be driven by immediate procurement needs rather than proactive buying,” commented one trader.
Market players further noted the absence of strong speculative buying and a continued lack of visible recovery in downstream demand, both of which are expected to keep sentiment cautious heading into the end of the month.
“We’re maintaining a conservative outlook for the rest of July unless a clear pickup in real demand emerges,” the trader added.
Written: Kat Yun Yun
Edited: Aiman Haikal