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BAIINFO-Weekly Analysis on China GPC Market (Jun. 21-Jun. 27, 2024)


Source: BAIINFO     Update Time:2024/6/28 11:22:37     【Print】【Collection】
Keywords: GPC
Summary: BAIINFO-CHINA, Domestic GPC market ran stable-to-bearish. Downstream plants were cautious about replenishment due to financial pressure at the month end, depressing GPC transactions. Major refineries held unchanged prices overall, while independent refineries mostly lowered prices further. To be specific, Sinopec refineries maintained flat prices this week. CNPC/PetroChina and CNOOC refineries adjusted prices by RMB 20-30/T individually.

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