Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI)
CAPS Rating:
A petrochemical company. Its major product areas are synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.
A petrochemical company. Its major product areas are synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.
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Plastics seem a good bet in China. Worried about an impending crash of Chinese stocks in general though. Will probably close all my Chinese ratings in a month or two.