CHINA SANJIANG (02198) rose more than 7%. As of the time of writing, the stock was up 7.06%, trading at HKD 3.64, with a turnover of HKD 39.2025 million. A research report from Industrial Securities points out that the chemical industry is expected to face dual opportunities of cyclical recovery and industrial upgrading in 2026. Chemical product prices have been lingering near the bottom for three years, the growth rate of the industry's construction in progress has been continuously declining, and the commissioning of new capacity is nearing its end. Looking ahead to 2026, the first year of the "16th Five-Year Plan" period, domestic pro-growth policies are expected to take effect, and with the U.S. Federal Reserve entering an interest rate cut cycle, traditional demand for chemical products is anticipated to experience a mild recovery. Driven by the wave of "anti-involution," the cyclical inflection point is expected to accelerate, and core chemical assets with global competitive advantages are likely to see a recovery in both profitability and valuation. Public information shows that CHINA SANJIANG is an investment holding company primarily 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 reducers, methyl tert-butyl ether/C4 (MTBE/C4), crude pentene, and other products.
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