BAIINFO-Weekly Analysis on China GPC Market (Jul. 17-Jul. 23, 2026)

BAIINFO-CHINA, Domestic GPC market trading performance was acceptable. Major refineries’ GPC prices mostly ramped up. Independent refineries’ GPC prices diverged by shipments. Imported GPC prices moved divergently. To be specific, Sinopec refineries’ GPC prices mostly rose by RMB 10-100/T. CNPC/PetroChina refineries’ GPC prices partially rallied by RMB 30-80/T. CNOOC refineries’ GPC prices vibrated by RMB 50-140/T. Independent refineries’ GPC prices oscillated by RMB 10-240/T.

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