Market Insights
Though Chinese prices of metallurgical coke will likely remain stable in the first half of June, they will probably face some downward risks in the second half with the approach of China's slow season for steel consumption in summer, Mysteel shared in its monthly outlook report. However, any drop in
Profit: In Q1 2024, PetroChina (+10.9%, +4.7%) and CNOOC (+14.1%, +23.7%) saw increases in both revenue and net profit, while Sinopec (-0.17%, -9.7%) experienced declines. This is primarily because PetroChina and CNOOC focus more on upstream oil and gas exploration and production (E&P). Increase
The crude storage capacity utilization rate of independent refineries in Shandong Province averaged 43.90% in the week ending May 29, up 0.08% from the previous week and down 3.88% year on year, per OilChem data. The independent refineries' storage capacity utilization rates have been hovering aro
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Mysteel Daily Price Express 2024.6.04
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