Sinopec Shanghai Petrochemical Posts Strong Q1 2026 Volumes Amid Mixed Pricing Trends

Sinopec Shanghai Petrochemical Co ( (HK:0338) ) has provided an update.

Sinopec Shanghai Petrochemical Company Limited reported its major operating data for the first quarter of 2026, highlighting substantial production and sales across refined oil and chemical products. The group produced and sold significant volumes of diesel, gasoline and jet fuel, alongside core chemical outputs such as PX, benzene, ethylene derivatives, PE, PP and acrylics, with part of its ethylene output used internally.

The company disclosed pricing trends showing year-on-year declines in diesel and gasoline prices but a modest rise in jet fuel, while PX prices climbed sharply and other key petrochemicals generally saw quarter-on-quarter increases. At the same time, crude oil processing costs fell notably compared with a year earlier, suggesting some margin support for refining and chemicals operations despite pressure from softer fuel prices and shifting product mix dynamics.

The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.13 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.

More about Sinopec Shanghai Petrochemical Co

Sinopec Shanghai Petrochemical Company Limited is a major integrated petrochemical producer in China, focusing on refined oil products such as diesel, gasoline and jet fuel, as well as key chemical products including paraxylene, benzene, ethylene and polyolefins like PE and PP. The group serves both fuel and chemical markets, supplying feedstocks and finished products to downstream industrial and consumer sectors in China and abroad.

Average Trading Volume: 26,067,518

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$27.21B

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