Shenhua Auction: Transactions rebounded on restocking activities
Shenhua concluded the final auction session of the week with sharp uptick, particularly for LLDPE film compared to the previous day. Market participants attributed the surge
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 05 September 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 |
866 |
758 |
6600 |
$819 |
6600-6900 |
$819-856 |
87.5% |
|
BOPP |
200 |
0 |
6950 |
$863 |
- |
- |
0.0% |
|
PPBC Inj |
300 |
0 |
6800 |
$844 |
- |
- |
0.0% |
|
LL Film |
350 |
349 |
6950 |
$863 |
6970-7130 |
$865-885 |
99.7% |
|
*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 concluded the final auction session of the week with a sharp uptick, particularly for LLDPE film compared to the previous day. Market participants attributed the surge in deals to limited need-based replenishment, cautioning that the small lots taken up do not yet reflect a meaningful recovery in downstream demand.
Despite the sharp pickup in auction activity, sentiment in the domestic spot market remained cautious. Converters continued to adopt a wait-and-see stance, with many awaiting clearer direction next week. Industry players warned that any holiday-driven restocking in the near term is unlikely to significantly ease the mounting sales pressure confronting suppliers.
Written: Kat Yun Yun
Edited: Farid Muzaffar