Sinopec: Currently, the company's hedging derivatives business is operating normally.

Everyday Economic News AI Express, an investor asked on the investor interaction platform: Dear Secretary of the Board:
The near and far month price spread of the current crude oil futures SC2604 contract is at an extreme historical level, with obvious market squeeze characteristics.
According to estimates, the company can add 650,000 to 800k delivery registration contracts for this contract, demonstrating strong delivery capability.
Does the company plan to seize the high premium opportunity, register additional contracts, participate in futures delivery, lock in profits, and stabilize the market?
Will the company’s hedging short positions be fulfilled through delivery?
Will these operations have a positive impact on the company’s performance?

China Petroleum & Chemical Corporation (600028.SH) stated on April 8 on the investor interaction platform:
The company conducts financial derivatives business in accordance with relevant regulations and internal control systems, mainly for hedging purposes, to avoid risks from fluctuations in crude oil, refined oil, and other commodity prices.
The related derivatives business involves matching physical and paper commodities.
Currently, the company’s hedging derivatives business is operating normally.

(Reporter: Bi Luming)

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