E-mail:bxj@baiinfo.com Nov 22, 2024 Friday US$1 = RMB 7.1934;
The current position

BAIINFO-Weekly Analysis on China GPC Market (Aug. 2-Aug. 8, 2024)


Source: BAIINFO     Update Time:2024/8/9 11:03:57     【Print】【Collection】
Keywords: GPC
Summary: BAIINFO-CHINA, Domestic GPC market stayed bearish overall. Low-sulfur GPC prices generally extended downtrend amid soft demand. Mid and high-sulfur GPC prices fluctuated flexibly according to different trading performance. To be specific, some Sinopec refineries pushed down prices by RMB 40-60/T further. CNPC/PetroChina refineries mostly cut prices by RMB 50-150/T. CNOOC refineries held flat prices this week. Independent refineries adjusted prices by RMB 10-110/T continuously.

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