CommoPlast | Article - Shenhua Auction: Lower-priced PP and LLDPE continue to attract buyers as deal levels slip further

Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, concluded its auction 21 November 2025, with the results for prime grades as follows:

Product	Auction Volume	Deal Volume	Auction Prices		Deal Prices		Deal %
Product	Auction Volume	Deal Volume	CNY/ton	USD/ton	CNY/ton	USD/ton	Deal %
*Combined and reported by CommoPlast*
PPH Yarn	2200	1926	6020	$748	6040-6350	$751-789	87.5%
PPBC	165	33	6000	$746	6050	$752	20.0%
LL Film	350	200	6550	$814	6660-6690	$828-832	57.1%
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

Shenhua’s sharply reduced opening prices enabled steady transaction volumes despite subdued market activity, with buyers responding selectively to lower-cost cargoes. The move came as PP and LLDPE futures on the Dalian Commodity Exchange extended their decline on Thursday morning, with PP futures falling to new lows and reinforcing the broader bearish sentiment that continues to pressure deal levels across the market.

According to a local trader, broader buying interest remained limited, but the steep discounts encouraged some need-based replenishment. “Homo-PP yarn auction prices were about CNY 130/ton ($18/ton) lower today, and lower-priced LLDPE film cargoes also resurfaced,” the trader said. “This encouraged some buyers to step in, although deal levels for both grades continue to edge lower. The downward pressure still feels relentless at this stage.”

Written by: Kat Yun Yun

Edited by: Farid Muzaffar

Country

China