|Bid||0.9350 x 0|
|Ask||0.9400 x 0|
|Day's range||0.9300 - 0.9500|
|52-week range||0.9100 - 1.2000|
|Beta (5Y monthly)||1.18|
|PE ratio (TTM)||10.39|
|Earnings date||30 Jul 2021|
|Forward dividend & yield||0.03 (2.73%)|
|Ex-dividend date||07 May 2021|
|1y target est||1.15|
China has cut export quotas for refined fuels by 73% year-on-year for the second batch of quotas issued for 2021, as new taxes on imports of key blending fuels are set to boost sales of domestically refined fuels. Beijing normally issues several batches of fuel export quotas during a year. Separately, the government also issued 3 million tonnes of low-sulphur fuel oil (LSFO) export quotas in the latest batch, the sources said.
China has issued its first batch of 2021 quotas for exports of refined fuel totalling 29.5 million tonnes to seven firms, including a private refiner, according to the blog of a state-run energy exchange and one of the recipient companies. The recipients are CNPC, Sinopec, CNOOC, Sinochem, China National Aviation Oil Company, defence conglomerate Norinco and private refiner Zhejiang Petrochemical Corp, the official blog of state-run Shanghai Petroleum and Natural Gas Exchange showed. Separately, an executive with one of the firms confirmed the quota issue.