Technical Analysis for SHI - SINOPEC Shangai Petrochemical Company, Ltd.

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, operates as a refining-chemical integrated petrochemical company primarily in the People's Republic of China. It operates in five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products. The Synthetic Fibres segment produces polyester and acrylic fibers primarily for the textile and apparel industries. The Resins and Plastics segment offers polyester chips, which are used in processing polyester fibers, and construction coating materials and containers; low-density polyethylene resins and films that are used in cable jacketing, sheeting, and manufacturing molded products, such as housewares and toys, as well as for agricultural and packaging applications; and polypropylene resins and PVA granules, which are used in manufacturing extruded films or sheets, and household electric appliances and automobile parts. The Intermediate Petrochemicals segment provides paraxylene, benzene, and butadiene that are used in the production of resins, plastics, and synthetic fibers. The Petroleum Products segment operates crude oil distillation facilities to produce vacuum and atmospheric gas oils that are used as feed stocks, as well as produces residual oil and low octane gasoline fuels. This segment also offers various transportation, industrial, and household heating fuels, including diesel oils, jet fuels, heavy oils, and liquefied petroleum gases. The Trading of Petrochemical Products segment engages in the import and export of petrochemical products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.