Shenhua Auction: Transactions falter at the start of the week
Market participants attributed the subdued performance to cautious sentiment across the domestic market, where converters remain reluctant to build stocks amid expectations of further price pressure.
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 |
1216 |
647 |
6600 |
$819 |
6600-7010 |
$819-870 |
53.2% |
|
BOPP |
200 |
0 |
6950 |
$863 |
- |
- |
0.0% |
|
PPBC Inj |
300 |
0 |
6800 |
$844 |
- |
- |
0.0% |
|
LL Film |
350 |
32 |
6950 |
$863 |
7100 |
$881 |
9.1% |
|
*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 opened the week on a weak note, with overall transactions falling sharply from last Friday’s session. Homo-PP yarn achieved a take-up rate of just over half the volumes offered, while most other grades attracted little to no interest.
Market participants attributed the subdued performance to cautious sentiment across the domestic market, where converters remain reluctant to build stocks amid expectations of further price pressure. The narrow trading band on the Dalian Commodity Exchange reinforced the lack of momentum, leaving purchases confined to immediate production needs rather than restocking.
Despite stable spot indications in East and North China, downstream demand has yet to show meaningful signs of recovery. Sellers warned that trading is likely to stay muted until later in September, when seasonal demand typically emerges, while the approaching National Day holiday continues to weigh on near-term sentiment.
Written: Kat Yun Yun
Edited: Aiman Haikal