Sinopec - you must have some familiarity with refining cycles. In China there is often a squeeze on refineries between raw crude costs being high and the state setting selling costs for products. So just because the BBL price of oil is up, SNP and PTR can sometimes be under pricing pressure. All I am saying is you need to keep up on the industry news if you want long positions in refiners or state-owned petrochemical companies.
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