Shenhua Auction: PP and PE Deals Remain Firm as Market Eyes Possible Stabilization
At Shenhua’s auction, activity remained brisk, extending momentum from earlier this week. BOPP and HDPE film, which had failed to draw bids in the previous round, were fully cleared...
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 16 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 |
1300 |
1196 |
6550 |
$814 |
6570-7000 |
$817-870 |
92.0% |
|
BOPP |
200 |
200 |
6800 |
$845 |
6800 |
$845 |
100.0% |
|
PPBC Inj |
200 |
0 |
6600 |
$820 |
- |
- |
0.0% |
|
LL Film |
450 |
449 |
6950 |
$864 |
6950-7180 |
$864-892 |
99.8% |
|
HD Film |
100 |
100 |
7150 |
$889 |
7150 |
$889 |
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. |
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Auction platform: https://www.e-chnenergy.com
Auction time: Monday – Friday, 10 AM – 12 PM
Key takeaways
PP and LLDPE futures on the Dalian Commodity Exchange started the morning on a firmer footing before giving back some gains later in the session.
At Shenhua’s auction, activity remained brisk, extending momentum from earlier this week. BOPP and HDPE film, which had failed to draw bids in the previous round, were fully cleared after sellers trimmed offers by CNY50/ton and CNY100/ton respectively, making them more palatable to buyers.
Stronger confidence was evident in LLDPE compared with homo-PP yarn. Shenhua lifted its LLDPE auction price by CNY80/ton from the prior day while still securing healthy buying interest. Deal levels for both PP homo yarn and LLDPE film closed CNY20–80/ton higher, reflecting improving market acceptance despite lingering caution.
Demand has been gradually strengthening as converters and traders stock up ahead of the week-long National Day holiday starting October 1. Buying activity has shifted from purely needs-based replenishment to more speculative interest, allowing sellers to push through modest price hikes in both LLDPE and PP.
The improvement is particularly notable for homo-PP, which has struggled in recent weeks under the weight of ample supply and weak domestic demand. Though the recovery remains tentative, market participants are closely watching to see if the latest round of firmer buying signals the beginning of a more sustainable stabilizing trend.
Written by: Kat Yun Yun
Edited by: Farid Muzaffar