During the Period, the Group processed 6,759,500 tons of crude oil (of which 90,100 tons were on sub-contracted basis). With the impact of increased crude oil prices, the Group's unit cost of crude oil processed also increased by 24.57% to RMB3,844.98 per ton.
Looking ahead, Mr. Rong said, "Although the loss situation of the Group has been improved, the Group still faces a difficult external environment. The Group will adjust its developing approach in line with such economic changes, focus on optimization and adjustment, improve upon the management philosophy, expedite meticulous management, improve the application of appropriated methodology, and accelerate the pace of reform programs so as to maintain steady development of the Group."
Shanghai Petrochemical is a highly integrated petrochemical complex, which processes crude oil into a broad range of products in synthetic fibres, resins and plastics, intermediate petrochemicals and petroleum products.
Sinopec Shanghai Petrochemical Company Limited
marketing@alchempro.com
