China's Sanjiang Chemical (02198) rose more than 6% in the afternoon, with a cumulative increase of over 66% during the month. As of press release, it rose 6.41% to HK$1.66, with a turnover of HK$7.6491 million.
The Zhitong Finance App learned that China's Sanjiang Chemical (02198) rose by more than 6% in the afternoon, with a cumulative increase of more than 66% during the month. As of press release, it rose 6.41% to HK$1.66, with a turnover of HK$7.6491 million.
According to the news, China Sanjiang Chemical will release the results on the 28th of this month. The company previously announced that it expects to obtain a net profit of 20 million yuan to 60 million yuan from the owner of the company's parent company in 2023. In the same period last year, it will obtain a net loss of about 308 million yuan attributable to the owner of the parent company, turning a loss into a profit over the same period last year. Mainly due to maximizing overall production capacity for ongoing projects; involving multiple one-off projects of Lotte Chemical Co., Ltd. In addition, the company has made provision for impairment of certain production facilities and inventory.
Xingzheng Futures pointed out that the main polypropylene contract operated strongly last week, with a weekly increase of 1.91%. Crude oil fundamentals have strengthened recently, including a decline in EIA inventories and an increase in demand expectations in the EIA monthly report, boosting the strengthening of crude oil. However, it is difficult to say that trending increases have boosted polypropylene. In terms of supply and demand, changes in equipment load are limited, downstream recovery is slow, supply and demand support is limited, suppressing polypropylene, polypropylene, or continuing to fluctuate.