What were the key financial and operational performance indicators for Sinopec's chemicals business in Q1, according to the report?

Sinopec's chemicals business reported an 8.6% year-over-year decline in first-quarter sales to 92.3 billion renminbi ($13.5 billion), with operating losses widening from 1.3 billion renminbi to 1.5 billion renminbi year-on-year; total sales volume reached 20.06 million metric tons for the quarter.

How did output and consumption trends vary across major chemical product categories in Sinopec's Q1 report?

Output trends were mixed: ethylene fell 8% to 3.5 million mt, synthetic resin dropped 9.5% to 5.1 million mt, synthetic rubber decreased 7.5% to 380,000 mt, while monomer and polymer output for synthetic fiber rose 9.3% to 2.8 million mt; consumption trends showed growth in ethylene equivalent (+1%), para-xylene (+6.5%), synthetic resin (+0.8%), and synthetic fiber (+4.6%), but synthetic rubber consumption declined 0.4%.

Sinopec reports lower chemicals sales, wider loss amid mixed output trends

Apr 30, 2026

Sinopec's first-quarter chemicals sales fell 8.6% to 92.3 billion renminbi with a widened operating loss of 1.5 billion renminbi, reflecting mixed output trends across key petrochemical segments.

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Sinopec reports lower chemicals sales, wider loss amid mixed output trends

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