ChinaAMC CSI Petrochemical Industry ETF

CNOOC Starts Production in Pearl River Mouth Basin Oilfield

China National Petroleum signs 2026 financial business forecast agreement with Zhongyou Finance

CNOOC Begins Production at Xijiang 24 Block Oilfield

CNOOC's Bohai Oilfield Achieves Record Oil and Gas Production of 40 Million Tons in 2025

Fumu Oilfield Sets New Record in Annual Oil and Gas Production

China National Petroleum Continues to Renew Derivatives Framework Agreement for 2026

Former Secretary of China National Petroleum Corporation's Oilfield Service Company Under Investigation

Sinopec's Stable Growth Through Enhanced Refining Efficiency and Technological Innovation

China National Petroleum Holds Special Shareholders' Meeting to Approve Governance Changes

Sinopec Updates and Approves Annual General Meeting Rules

XiJiu and Sinopec Form Joint Venture for Supply Chain and Launch New Baijiu

China Petroleum & Chemical Corporation Repurchased 712,000 Shares

CNPC Chairman Proposes Major Strategic Tasks for Oil and Gas Exploration

Sinopec Signs TPE Project Contract with Balin New Materials

Sinopec Shanghai Petrochemical signs R&D framework agreement with Sinopec

Sinopec Shanghai Petrochemical Subsidiary Signs New Crude Oil Storage Framework Agreement

CNOOC's Special General Meeting Approves Continuation of Non-Exempt Related Party Transactions

Sinopec Corp Repurchased 1.18 Million Shares for HKD 5.1278 Million

Sinopec repurchased 764,000 H-shares for HKD 3.3 million

National Energy Administration Urges Increased Shale Oil Exploration Efforts

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The Shangai Composite Index went up by 3 points or 0.07 percent on Tuesday to close at 3920 points.The rise was led by Petrochina (1.85%), Jiangsu Hengrui (1.71%) and Shanghai Pudong (1.63%).On the downside, the weakerst performers were Yonghui Superstore (-4.86%), China Fortune (-2.14%) and Jiangsu Lianyungang (-2.10%).

Trading Economics

PETROCHINA

The Shangai Composite Index Closes 0.07% Higher

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PNGAY

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Hong Kong stocks rose for the fifth consecutive session, with the Hang Seng climbing 107 points to 25,909. Gains were driven by optimism in AI-related shares and hopes for further Fed rate cuts. Traders also watched the National People’s Congress Standing Committee meeting for potential government stimulus. Hong Kong’s annual inflation stood at 1.2% in November. Early gainers included CSPC Pharmaceutical Group, Zhongsheng Group, Ping An Insurance, Li Ning, and PetroChina.

PING AN

Ping An Insurance

Ping An

LI NING

Hong Kong Stocks Rise for Fifth Straight Session

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Middle East crude benchmarks Oman, Dubai, and Murban remained steady amid Venezuelan oil export disruptions. The U.S. Coast Guard intercepted oil tankers near Venezuela, following President Trump's blockade announcement. Oil prices rose due to supply uncertainty. Cash Dubai's premium to swaps slightly decreased. Various oil deals were made, with prices around $61.20 per barrel. Additionally, CNOOC started production in the South China Sea, and Indonesia offered new oil and gas blocks. China's fuel oil imports increased, and it criticized the U.S. for intercepting a China-bound tanker.

Reuters

CNOOC

Middle East Crude-Benchmarks steady amid Venezuelan oil export disruptions

Asia's spot differential for 380-cst HSFO rose slightly amid contango, with two trades emerging after a lull. VLSFO remained range-bound, while its contango narrowed. China's fuel oil imports rose 15% in November, and exports climbed 29%. Oil prices increased due to U.S. interception of a tanker near Venezuela. CNOOC started production in the South China Sea, and Indonesia announced new oil and gas block tenders. A Ukrainian drone attack damaged vessels in Russia's Krasnodar region.

Asia Fuel Oil-HSFO differential inches up though market retains contango

CNOOC Starts Production at Pearl River Mouth Basin Oilfield

marketscreener

CNOOC Starts Production at Pearl River Mouth Basin Oilfield

The Hang Seng index has remained stable at H$20,000 since March, despite global peers rising. Energy stocks like PetroChina and CNOOC have performed well, while real estate and tech companies lag. Hong Kong's economy is recovering slower than expected, with a 2.7% YoY growth. The index is consolidating below resistance at H$20,766, with potential upside if it breaks this level.

Invezz

Hang Seng index slips as energy stocks lead, real estate lags

PetroChina Renews Currency Derivatives Services Agreement With China Petroleum Finance

PetroChina Renews Currency Derivatives Services Agreement With China Petroleum Finance

PetroChina to Avail Currency Derivatives in 2026

PetroChina to Avail Currency Derivatives in 2026

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After the market close on December 19, Sinopec (386.HK) accelerated its stock price movement, with a noticeable increase in bullish sentiment, contrasting with the previous wait-and-see attitude. Although the overall funding situation remains stable, there are signs of localized activity, with main funds slightly attempting to replenish and short-term buying gradually entering. Recently, commodity prices have rebounded overall, and the rise in oil prices and futures markets has driven sentiment back into the petrochemical sector, further linking A-shares and Hong Kong stocks, with Sinopec becoming a barometer for fund flows. Observing the market, the stock price has consistently remained above the 5-day and 10-day moving averages, with the technical range gradually narrowing. Most traders are focused on the key support level of 4.01 yuan, closely tracking potential volume fluctuations. "If volume does not increase, it is difficult for the market to break through" has become a consensus in the market. Although there was no significant increase yesterday, intraday trading showed signs of gradual probing by the main funds, and whether subsequent momentum continues to increase remains to be seen. The current technical outlook is slightly bullish, with the market focusing on macro oil price trends and global risk events, as these factors could impact sentiment at any time. Short-term investors are closely monitoring sector performance, maintaining high vigilance regarding the relationship between volume and price and potential pullback pressures. Additionally, the overall performance of the petrochemical sector is closely linked to international oil prices. The recent slight increase in oil prices has strengthened the bullish sentiment, but volatility at high levels is also increasing, leading some institutions to cautiously increase their positions. Trading volume is recovering moderately, and if it can continue to expand, it will help confirm a new upward cycle for the sector

Technical Forecast

Sinopec Corp.

SINOPEC CORP

Morning Trend | Sinopec drives the petrochemical sector to warm up, is a breakthrough market possibly brewing?