E-mail:bxj@baiinfo.com May 17, 2024 Friday US$1 = RMB 7.1045;
The current position

BAIINFO-Weekly Analysis on China GPC Market (Dec. 8-Dec. 14, 2023)


Source: BAIINFO     Update Time:2023/12/15 11:37:58     【Print】【Collection】
Keywords: GPC
Summary: BAIINFO-CHINA, Domestic GPC market extended downtrend overall. The high-end prices continued falling, while low-end prices rallied individually. Downstream users mainly stockpiled GPC on a need-to basis. In order to sustain low inventories, refineries adjusted prices flexibly. This week, Sinopec refineries generally pushed down prices by RMB 100-400/T. CNPC/PetroChina refineries adjusted prices by RMB 27-350/T individually. Some CNOOC refineries cut prices by RMB 100/T further. Independent refin

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