Sinopec Shanghai Petrochemical Releases H1 2026 Operating Data: Refined-Oil Revenue Hits 23.84 billion RMB Amid Rising Feedstock Costs

Bulletin Express
Jul 14

On 14 July 2026, Sinopec Shanghai Petrochemical disclosed its unaudited operating metrics for the six months ended 30 June 2026, detailing production, sales, revenue and price movements across its refined-oil and chemical segments.

Operational scale • Refined-oil production reached 3.48 million tons, with sales of 3.10 million tons. • Chemical-product output totalled 1.11 million tons, led by para-xylene (0.34 million tons) and polyethylene (0.24 million tons).

Revenue snapshot (sales revenue excludes trading activities) • Refined-oil products generated RMB 23.84 billion, comprising: – Gasoline RMB 12.77 billion, – Diesel RMB 7.54 billion, – Jet fuel RMB 3.53 billion. • Chemical products contributed RMB 8.24 billion, with notable items including para-xylene (RMB 2.59 billion) and polyethylene (RMB 2.01 billion). • Aggregate revenue from the reported product list amounted to approximately RMB 32.08 billion in the first half.

Price dynamics Average selling prices strengthened across most product lines year on year (YoY) and quarter on quarter (QoQ): • Jet fuel recorded the sharpest YoY increase, up 43.17 % to RMB 6,912 per ton, and surged 70.61 % versus Q1 2026. • Para-xylene climbed 27.20 % YoY to RMB 7,665 per ton; benzene advanced 8.84 % YoY to RMB 6,450 per ton. • Polyethylene (RMB 8,536/t) and polypropylene (RMB 8,309/t) each registered double-digit YoY gains of 10.08 % and 11.22 %, respectively. • Average crude-oil processing cost rose 14.29 % YoY to RMB 4,574 per ton and jumped 60.89 % QoQ, indicating significant feedstock-cost pressure.

Management reminder All figures are derived from the company’s internal statistics, remain unaudited and exclude petrochemical trading data. The disclosure serves as an operational update; it is not intended as a forecast of full-year results.

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