Shenhua Auction: Buying momentum pauses after several days of gradual recovery in demand
Trading activity at Shenhua’s auction slowed on Thursday, as buyers adopted a cautious stance following several days of moderate restocking, supported earlier by a mild rebound in PP and LLDPE futures
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 13 November 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 |
2400 |
1600 |
6200 |
$773 |
6210-6410 |
$774-799 |
66.7% |
|
PPBC Inj |
270 |
100 |
6000 |
$748 |
6000-6010 |
$748-749 |
37.0% |
|
LL Film |
600 |
300 |
6700 |
$835 |
6780-6790 |
$845-846 |
50.0% |
|
*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
Trading activity at Shenhua’s auction slowed on Thursday, as buyers adopted a cautious stance following several days of moderate restocking, supported earlier by a mild rebound in PP and LLDPE futures on the Dalian Commodity Exchange.
Market sources said lower-priced homo-PP yarn cargoes offered earlier in the week had largely been absorbed, leaving higher-priced lots that struggled to attract buyers. “Many buyers are waiting to see if prices can truly stabilise before committing to new purchases,” a local trader noted.
Overall market sentiment remained subdued. Producers are expected to maintain flexible pricing to encourage incremental restocking and converters are approaching new-week offers cautiously, as many customers remain comfortably stocked.
Written by: Kat Yun Yun
Edited by: Farid Muzaffar