CHINA SANJIANG (02198) surged more than 5%, reaching HK$2.83 by the time of writing, with a trading volume of HK$7.1971 million. The rally follows news that organic silicon producers have resumed DMC quotations at RMB 13,200 per ton, up approximately RMB 200 from pre-meeting levels after concluding a key industry conference.

CITIC Securities notes that since 2022, the basic chemical sector has seen declining profits for three consecutive years, with intense competition pushing many segments into losses. This year, multiple industries have actively responded to China's "anti-invasion" initiative, promoting self-regulation to rebalance supply-demand dynamics, lift product prices, and improve profitability.

CHINA SANJIANG primarily engages in producing and supplying ethylene oxide, glycol, polypropylene, and surfactants. Its product portfolio also includes polypropylene (PP), surfactants, water reducers, MTBE/C4, crude pentene, and industrial gases (oxygen, nitrogen, argon). The company operates in both domestic and international markets.