On March 2, Hengli Petrochemical Co.Ltd(600346) volume fell sharply. As of the closing, it was reported at 22.65 yuan, down 8.63%, with a full day turnover of 2.59 billion yuan.
According to the after hours dragon and tiger list data, the four institutions sold 837 million yuan in total, the Shanghai Stock connect sold 92.24 million yuan and bought 82.15 million yuan, and the two institutions bought 173 million yuan in total.
According to public information, Hengli Petrochemical Co.Ltd(600346) is a leading listed company in China Petroleum & Chemical Corporation(600028) industry. The company’s main business includes petroleum refining and downstream civil polyester chemical fiber, research and development and production of degradable plastics, etc. It is the representative listed company of Petrochina Company Limited(601857) chemical industry chain.
Ping An Securities research report pointed out that the current oil price continues to rise, which has a psychological negative impact on the petrochemical industry with oil as raw materials and the downstream chemical fiber sector. At present, the external tension has entered a stalemate stage, and the short-term upward trend of international oil prices may be difficult to reverse.
According to the financial report, in the first three quarters of last year, Hengli Petrochemical Co.Ltd(600346) achieved a net profit of 12.7 billion yuan, a year-on-year increase of 28%.
