| Source: | BAIINFO Update Time:2022/12/28 17:03:39 【Print】【Collection】 |
| Keywords: | GPC |
| Summary: | BAIINFO-China, Domestic GPC prices showed a “ʌ” trend overall in 2022. In Q1, many refineries curbed production affected by the 2022 Olympic Winter Games, surging crude oil prices and COVID-19 outbreaks, boosting GPC market from supply end. In Q2, market supply recovered gradually, while demand for different kinds of resources polarized. Hence, GPC prices slid after reaching historical high. In Q3, GPC prices saw mild decline as imported resources arrived intensively. In Q4, GPC prices remained bearish because domestic refineries raised operation rates due to favorable profits. |
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