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Shandong Local Refining Company recently increased its refining profits significantly

On May 20, according to the latest data analysis, since the beginning of May, Shandong's local refiningkingsclubpokerIts refining profit increased by 97 yuan/ton compared with the previous month, reaching-183 yuan/ton. This change is mainly due to the decline in raw material costs exceeding the decrease in product revenue. Crude oil prices remained slightly volatile during the month, resulting in a month-on-month decrease in raw material costs by 358 yuan/ton. The performance of the gasoline and diesel markets varied. Gasoline prices fell slightly, and the average price dropped by 345 yuan/ton month-on-month; the diesel market showed short-term market fluctuations, with the average price dropped by 262 yuan/ton month-on-month. After comprehensively considering the income from other by-products, the average level of product income decreased by 247 yuan/ton month-on-month. Looking to the future, as raw material costs stabilize and product revenue further decline, refining profits are likely to decline.