The outbreak of COVID-19 completely disrupted the established plans of many companies and caused catastrophes across many industries. Energy and chemical enterprises also met great difficulties and challenges because of this. The outbreak led to the delay of downstream commencement of work, the shrinking demands, the rise of inventory in ports, the significant imbalance between supply and demand, and the sharp decline in market price; however, there are more enterprises with trend-following predictions, reliable channels, rich modes, and strict risk control emerging despite these difficulties. Recently, Shanghai Securities News and Futures Daily (media under People’s Daily) published articles about the precautionary measures taken by central enterprises. Enterprises with Sinochem Petrochemical Distribution as the representative safeguarded enterprises' production and operation in these troublesome times by taking diversified spot-future modes.
Shanghai Securities News: “Central Enterprises: Precautionary Measures Taken by Sinochem Group”
Futures Daily “Central Enterprises Guarantee Channels Leveraging Futures”
