Since August, the cracking price gap in the global refined oil market has continued to widen, and the price difference between US diesel futures and WTI crude oil futures once reached a record high of 102.2 US dollars. In the dual context of overseas energy refining being hit hard by the war and the implementation of domestic production capacity policies, the A-share private refining and chemical sector handed over an impressive “mid-term answer questionnaire.” On August 25, Rongsheng Petrochemical released its semi-annual report, and net profit surged more than 7 times. Furthermore, recently Hengyi Petrochemical, Hengli Petrochemical, and Satellite Chemical disclosed their semi-annual results, all of which have achieved significant growth. Brokerage agencies generally believe that the global refining and chemical industry pattern is undergoing profound restructuring. Private refining and chemical leaders, with the advantage of integrating the entire industry chain, are expected to usher in a resonant restoration of performance and valuation as scarce assets.

Since August, the cracking price gap in the global refined oil market has continued to widen, and the price difference between US diesel futures and WTI crude oil futures once reached a record high of 102.2 US dollars. In the dual context of overseas energy refining being hit hard by the war and the implementation of domestic production capacity policies, the A-share private refining and chemical sector handed over an impressive “mid-term answer questionnaire.” On August 25, Rongsheng Petrochemical released its semi-annual report, and net profit surged more than 7 times. Furthermore, recently Hengyi Petrochemical, Hengli Petrochemical, and Satellite Chemical disclosed their semi-annual results, all of which have achieved significant growth. Brokerage agencies generally believe that the global refining and chemical industry pattern is undergoing profound restructuring. Private refining and chemical leaders, with the advantage of integrating the entire industry chain, are expected to usher in a resonant restoration of performance and valuation as scarce assets.