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China's naphtha imports to rise ahead of tax revamp, traders say
Bernstein released a strategy report for the Asia-Pacific region, listing its preferred stocks for the first half of 2023, including CNOOC, JD, SK Hynix, Samsung Electronics, Tokyo Electron, and several other companies
Asia's diesel market remains subdued, with timespreads easing slightly amid ongoing February refiner sales. Traders are monitoring China's expected diesel exports of 250,000-300,000 metric tons and jet fuel exports of 2.1 million tons. Refining margins have increased slightly to around $20 per barrel. Physical cargo activity is thin, with cash differentials stable at premiums of 15 cents per barrel. Indonesia's Pertamina is seeking jet fuel deliveries, while China's crude oil imports from Russia fell 0.7% year-on-year in December, despite reaching a high for 2025.
The National Development and Reform Commission announced that starting from midnight tonight, the domestic prices of gasoline and diesel will increase by 85 yuan per ton due to fluctuations in international oil prices. Companies such as PetroChina, Sinopec, and CNOOC must ensure stable production and supply of refined oil, and relevant departments will strengthen market supervision to maintain normal market order
36Kr learned that the Hang Seng Index fell 0.55% during the midday break, and the Hang Seng TECH Index dropped 1.83%; the retail, media, and healthcare sectors led the decline, with Trip.com Group falling over 19%, Huajian Medical dropping over 12%, and Lehua Entertainment decreasing over 6%; the chemical, oil and petrochemical, and real estate sectors saw the largest gains, with NEW WORLD DEV rising over 12%, Zhongwei New Materials increasing over 5%, and CNOOC up over 2%; southbound funds had a net outflow of HKD 13.1663 million
$CNOOC(00883.HK) has performed well these days.