[CICC Oil & Gas and Chemicals] Full Landscape of Large Refining and Petrochemicals 20260726

English summary

Refined product prices and spreads: Brent spot price (+15.8% WoW) to $98.4/bbl; domestic refining margin (+RMB 373/t WoW) to RMB 78/t; Singapore refining margin (+RMB 331/t WoW) to RMB 1,964/t; local refinery gasoline price (+6.3% WoW) to RMB 8,311/t; naphtha price (+23.1% WoW) to $986/t; Olefins chain: ethylene chain profitability index (-46.6% WoW) to RMB 1,342/t; PE price (+0.4% WoW) to RMB 7,931/t; PP price (+2.2% WoW) to RMB 8,197/t; Aromatics chain: aromatics chain profitability index (-77.7% WoW) to RMB 520/t; PX price (+4.9% WoW) to $1,084/t; polyester bottle chip spread (+6.8% WoW) to RMB 571/t; PTA spread (-15.4% WoW) to RMB 513/t; polyester staple fiber spread (-4.6% WoW) to RMB 717/t; ...