On the question of “how does the company look forward to the petrochemical refining and chemical industry”, Dongfang Shenghong said in an institutional conference call on August 31 that currently, the global petrochemical supply pattern is being reshaped at an accelerated pace. Affected by factors such as high raw material and energy prices and old equipment, production capacity in petrochemical production regions such as Europe, Japan, and South Korea is in the process of shrinking and clearing at an accelerated pace. At the same time, the country strictly controls new refining and ethylene production capacity, and continues to push for the gradual elimination of backward production capacity. The industry is expected to continue to recover in the future.

On the question of “how does the company look forward to the petrochemical refining and chemical industry”, Dongfang Shenghong said in an institutional conference call on August 31 that currently, the global petrochemical supply pattern is being reshaped at an accelerated pace. Affected by factors such as high raw material and energy prices and old equipment, production capacity in petrochemical production regions such as Europe, Japan, and South Korea is in the process of shrinking and clearing at an accelerated pace. At the same time, the country strictly controls new refining and ethylene production capacity, and continues to push for the gradual elimination of backward production capacity. The industry is expected to continue to recover in the future.