BASF's Timing for Expanding In China Could Have Been Better -- Market Talk

Dow Jones06-23

0929 GMT - While BASF's self-help measures are reassuring, its timing for expanding in China could have been better, AlphaValue analysts say in a research note. For the German conglomerate China is a key pillar for its long-term growth strategy, supported by stronger expected chemical demand growth than in other regions, the analysts say. The Zhanjiang Verbund project is regarded as one of its most important growth investments and is intended to replicate the strong profitability achieved at BASF's Nanjing site, they add. But while 2030 targets appear achievable under favorable market conditions, the analysts remain cautious. Weak industry utilization rates suggest the sector is still in an early recovery phase, making those projections dependent on a stronger rebound in Chinese demand, they say. Shares trade 2.1% lower at 48.15 euros. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

June 23, 2026 05:29 ET (09:29 GMT)

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The Zhanjiang Verbund project is regarded as one of its most important growth investments and is intended to replicate the strong profitability achieved at BASF's Nanjing site, they add. But while 2030 targets appear achievable under favorable market conditions, the analysts remain cautious. Weak industry utilization rates suggest the sector is still in an early recovery phase, making those projections dependent on a stronger rebound in Chinese demand, they say. Shares trade 2.1% lower at 48.15 euros. 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