Driven by macro market factors such as the continued rise in international oil prices, China Shenhua Coal to Liquid and Chemical Co., Ltd., a subsidiary of CHN Energy specialized in coal chemicals business, recorded cumulative sales of 125,300 tons of refined oil products in the first quarter, up 72.46 percent year on year. During the same period, the company also achieved steady growth in both production and sales of chemical products, with overall operations maintaining a strong upward trend.

Shenmu chemical plant of China Shenhua Coal to Liquid and Chemical

Data show that in the first quarter the company produced a total of 192,400 tons of chemical products, an increase of 9.69 percent compared with the same period last year, while total sales reached 1.0703 million tons, up 19.69 percent year on year. Since the beginning of this year, influenced by geopolitical events in February, prices of international crude oil as well as spot and futures products such as polyolefins have continued to rise. Amid the complex fluctuations of the global energy market, the price competitiveness of domestic coal-based chemical products has gradually become more prominent.

In response to sharp external market volatility, the company has comprehensively upgraded its integrated production, supply and sales strategy. On the production side, it has effectively ensured the stable and high-load operation of core capacities and facilities. On the market side, its business teams have achieved simultaneous growth in product sales and overall profitability by flexibly adjusting sales pace and optimizing resource allocation.

In addition, to better cope with market pressures, the company has continued to optimize its external supply chain system. By coordinating internal and external resources and dynamically improving inventory structures, it has effectively mitigated the risks of raw material price fluctuations, further enhancing overall supply chain resilience and operational efficiency.