Sinopec Shanghai Petrochemical Co (HK:0338) has released an update.
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Sinopec Shanghai Petrochemical Company Limited reported its operational data for the first three quarters of 2024, revealing a notable increase in the sales revenue of gasoline, diesel, and chemical products. Despite a year-on-year rise in the prices of commodities like benzene and ethylene glycol, the company faced a quarterly decline in the prices of most products, including jet fuel and acrylics. The company’s performance highlights the dynamic shifts in the petrochemical market, underscoring both opportunities and challenges in maintaining growth.
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