Stock Track | China Sanjiang Soars 7.71% Intraday on Naphtha Supply Agreement with Blue Whale Bioenergy

Stock Track04-09

CHINA SANJIANG's stock soared 7.71% intraday on Thursday, driven by positive news regarding its raw material supply chain.

The surge follows the company's announcement that its indirectly wholly-owned subsidiary, Sanjiang Chemical, entered into a naphtha purchase agreement with Blue Whale Bioenergy. The agreement, valid until December 31, 2026, provides an additional source of naphtha supply, ensuring stable feedstock for the group's production operations.

This development is particularly significant as the group recently commenced commercial operation of its sixth-phase ethylene oxide/ethylene glycol production facility, which has increased overall annual production capacity by approximately 80%. Naphtha is required as a key raw material for this new facility and its associated upstream production units.

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