Changes in Hong Kong stocks | China Sanjiang Chemical (02198) rose more than 7%, institutions are optimistic that the chemical industry cycle is about to reach an inflection point at an accelerated pace

The Zhitong Finance App learned that China's Sanjiang Chemical (02198) rose by more than 7%. As of press release, it had risen 7.06% to HK$3.64, with a turnover of HK$39.225 million.

According to the news, Societe Generale Securities Research Report pointed out that in 2026, the chemical industry will usher in the dual opportunities of cyclical recovery and industrial upgrading. Chemicals have been operating in the bottom range for three years. The growth rate of projects under construction in the industry continues to decline, and the investment of new production capacity is nearing its end. Looking ahead to 2026, the steady domestic growth policy is expected to gain strength in the year the “15th Five-Year Plan” begins. As the Federal Reserve enters a cycle of interest rate cuts, traditional demand for chemicals is expected to recover moderately; fueled by the “anti-domestic volume” wave, the inflection point of the cycle is expected to accelerate, and core chemical assets with global competitive advantages are expected to usher in profit and valuation repairs.

According to public information, China Sanjiang Chemical is an investment holding company mainly engaged in the production and supply of ethylene oxide, ethylene glycol, polypropylene and surfactants. The company's main products include ethylene oxide, ethylene glycol, polypropylene (PP), surfactants and water reducing agents, methyl tert-butyl ether/carbon tetrate (MTBE/C4), crude pentene and other products.