Shenhua Auction: Limited auction volume offset impacts from weaker futures
Despite a renewed weakness on the Dalian Commodity Exchange—typically a drag on buying appetite at Shenhua’s auctions—the producer managed to secure a satisfactory number of transactions.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 27 August 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 |
516 |
325 |
6850 |
$848 |
6860-7020 |
$849-869 |
63.0% |
|
LL Film |
200 |
200 |
7200 |
$891 |
7200-7210 |
$891-892 |
100.0% |
|
*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
Key Takeaways
Despite a renewed weakness on the Dalian Commodity Exchange—typically a drag on buying appetite at Shenhua’s auctions—the producer managed to secure a satisfactory number of transactions. The reduced auction volume appeared to offset the relatively firm price levels, ensuring decent market participation.
With August drawing to a close, market participants expect activity on Shenhua’s auction platform to remain subdued in the coming days. “We hope demand conditions will improve in September, with seasonal factors potentially lending support to pricing,” commented one trader, adding that sellers are closely monitoring market movements to shape their strategies ahead of the National Day holiday.
Written: Kat Yun Yun
Edited: Aiman Haikal