HK Stock Market Move | CHINA SANJIANG (02198) surges over 5% again, stock price reaches new high, market expects chemical industry to turn the corner in the cycle.

CHINA SANJIANG (02198) rose more than 5% again, reaching a high of 4.29 Hong Kong dollars, setting a new historical high. As of the time of writing, it was up 5.42% at 4.28 Hong Kong dollars, with a trading volume of 37.04 million Hong Kong dollars. On the news front, it was reported that in the past week (January 12th to 18th), prices of some chemical products in the market have increased significantly. Among the key chemical products being tracked, the price of epoxy propane rose by 7.9% weekly, and the price of silicone intermediate also increased. Huatai Research Report pointed out that bulk chemical products are currently at a turning point in terms of production capacity and inventory, and with the recovery of domestic and foreign demand by 2026, they are expected to enter an upward trend. Additionally, as China National Chemical Engineering's global sales volume accounts for over half, the company's capital expenditure intensity is expected to decrease significantly compared to the period from 2015 to 2025, and the dividend payout ratio is expected to rise. CHINA SANJIANG is mainly engaged in the production and supply of ethylene oxide, ethylene glycol, polypropylene, and surfactants as an investment holding company. Its main products include ethylene oxide, ethylene glycol, polypropylene (PP), surfactants and water reducers, methyl tertiary butyl ether/carbon four (MTBE/C4), crude pentene, and other products. The company also provides processing services for polypropylene, methyl tertiary butyl ether, and surfactants to customers, as well as produces and supplies other chemical products.