CommoPlast Article

Shenhua Baotou Coal Chemical Co has concluded the auction session for its coal-based PP and PE cargoes on 14 June 2022. The following table showed the details of the auction results for prime grade only:

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*
Homo-PP	1532	1026	8450	$1111	8460-8730		$1112-1148	67.0%
PP Fiber	-	-	-	-	-		-	-
PPBC	66	0	8550	$1123	-		-	0.0%
LLDPE	866	476	8620	$1133	8650-9020		$1137-1186	55.0%
LDPE	-	-	-	-	-		-	-
HDPE	300	227	8600	$1131	8600-8750		$1131-1151	75.7%
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.

Compared to the previous day, trading activities have shown improvement on the Shenhua auction platform following a steep discount on most of the available grades. However, buyers prefer to hold a conservative stance amid the cloudy demand outlook.

Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operating under four subsidiaries, namely: Shenhua Xinjiang Coal-based New Materials Project, Shenhua Yulin Energy Co Ltd, Shenhua Baotou Coal Chemical Co Ltd and Shenhua Ningxia Coal Industry Group (Ningmei).

The company has an annual capacity of 2.65 million tons/year of PP, 750,000 tons/year of HDPE/LLDPE and 570,000 tons/year of LDPE.

Shenhua Baotou Coal Chemical Co is active in spot trading, while also conducting the daily auction for its cargoes daily between 10AM to 12PM on the official online platform that specifically designed for this purpose: https://www.e-chnenergy.com

[FREE] 14 June 2022 - Shenhua's coal-based PP and PE Auction Results