---
title: "Sinopec Shanghai Petrochemical Posts Strong Q1 2026 Volumes Amid Mixed Pricing Trends"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284604613.md"
description: "Sinopec Shanghai Petrochemical Co (HK:0338) reported strong Q1 2026 production and sales of refined oil and chemical products, including diesel, gasoline, and jet fuel. Despite year-on-year declines in diesel and gasoline prices, jet fuel prices rose, and PX prices increased sharply. Crude oil processing costs fell, providing margin support. The latest analyst rating for the stock is a Hold with a price target of HK$1.13. The company is a major integrated petrochemical producer in China, serving both fuel and chemical markets."
datetime: "2026-04-29T15:17:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284604613.md)
  - [en](https://longbridge.com/en/news/284604613.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284604613.md)
---

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

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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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