HK Stock Market Move | China Risun GP (01907) surges nearly 20% as geopolitical conflicts disrupt the chemical market. The company is a producer of methanol using coke oven gas.

CHINA RISUN GP(01907) soared nearly 20% during trading hours, as of the time of writing, it increased by 16.9% to 3.32 Hong Kong dollars, with a turnover of 4.57 billion Hong Kong dollars. On the news front, escalating geopolitical tensions have injected significant uncertainty into the global energy and chemical markets. Regarding the latest developments in the Iran situation, in the early hours of the local time on the 12th, two foreign oil tankers were attacked in Iraqi territorial waters, and later it was reported that the Iraqi oil port had fully suspended operations, leading to another rise in international oil prices. This morning, several main futures contracts in the chemical industry surged, with the main contract for methanol rising by over 10%. It is worth noting that as the largest producer of coke oven gas methanol in China, CHINA RISUN GP currently operates with an annual production capacity of 600,000 tons of methanol, which is one of the core links in the company's "methanol ammonia" industry chain. In addition, CHINA RISUN GP is also the world's largest independent producer of coke, and the global leading producer of caprolactam. In 2024, the company's total revenue reached 47.543 billion yuan, with chemical business revenue of 20.729 billion yuan, accounting for 43.6% of total revenue, making it the largest revenue sector for the company.