Shandong Refineries' May Refining Profit Turns Negative at -1,424 Yuan/Ton, Down 775.41 Yuan/Ton M/M

According to Jin10 Futures, in May, Shandong independent refineries' average refining profit turned negative at -1,424.41 yuan/ton, declining 775.41 yuan/ton month-over-month. The decline was driven by rising crude oil costs combined with weak gasoline and diesel terminal demand and ample resource supply, creating supply-demand imbalance pressures.
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