BAIINFO-Weekly Analysis on China GPC Market (Feb. 28-Mar. 6, 2025)

Mar 13, 2025 Thursday US$1 = RMB 7.1728

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BAIINFO-Weekly Analysis on China GPC Market (Feb. 28-Mar. 6, 2025)

Source: BAIINFO

Keyword: GPC

Updated: 07-Mar-25 15:46

Abstract:

BAIINFO-CHINA, Domestic GPC market performed poorly. Prices of low-sulfur GPC prices extended downtrend while those of mid and high-sulfur GPC kept firm at major refineries. Independent refineries’ GPC prices continued falling. To be specific, Sinopec refineries mostly lowered prices by RMB 80-560/T. CNPC/PetroChina refineries maintained prices stable but individuals reduced prices by RMB 40/T. CNOOC refineries’ GPC prices descended by RMB 250-500/T. Independent refineries’ GPC prices mostly dro

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