HK Stock Market Move | CHINA BLUECHEM (03983) up more than 6%, the company is a leading enterprise in domestic fertilizer and methanol industry.

China BlueChem (03983) rose more than 6%, as of the time of this report, rising by 6.62% to 3.22 Hong Kong dollars, with a turnover of 1.17 billion Hong Kong dollars. On the news front, tensions between the US and Iran continue to escalate. Guolian Minsheng Securities believes that the US-Iran conflict may push up international methanol and urea prices. In terms of methanol, Iran is the world's second largest methanol producer; in terms of urea, Iran's urea production capacity accounts for about 5.4% of international urea production capacity, with actual exports accounting for 10%-15% of international market demand, making it the second largest urea exporting country after Russia. Huatai's previous research report stated that the company is a fertilizer and chemical materials company controlled by CNOOC Group, with natural gas cost advantages supporting stable profitability in the urea/methanol business. In terms of future growth, the company's 1.6 million ton phosphorite project under construction is expected to increase self-sufficiency in phosphorus fertilizer raw materials, and with the widening urea/phosphate price difference between international and domestic markets since the beginning of 25 years, the company's urea/phosphate exports are also expected to bring incremental profits.