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An update from China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) is now available.
China Sanjiang Fine Chemicals Company Limited has signed a one-year framework agreement with connected party Hangzhou Bay Petrochemical Logistics, under which the latter will provide unloading, loading and storage services for the group’s liquified chemical products from 29 December 2025 to 31 December 2026. The arrangement, priced at RMB25–40 per tonne based on usage and prevailing market rates, is classified as a continuing connected transaction under Hong Kong’s Listing Rules, triggering reporting, announcement and annual review requirements but not independent shareholders’ approval. By securing non-exclusive port services that are benchmarked against third-party providers—where the group currently faces higher prices and multi-day queuing—the company aims to improve logistics efficiency and cost control, while preserving flexibility to switch to other ports if they offer more favourable terms.
The most recent analyst rating on (HK:2198) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on China Sanjiang Fine Chemicals Co., Ltd. stock, see the HK:2198 Stock Forecast page.
More about China Sanjiang Fine Chemicals Co., Ltd.
China Sanjiang Fine Chemicals Company Limited is a Hong Kong–listed fine chemicals producer, operating in petrochemical-related products and services. The group relies on regional port infrastructure for handling liquified chemical products, reflecting its integration with logistics and storage facilities in the Hangzhou Bay petrochemical hub.
Average Trading Volume: 3,171,185
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
See more insights into 2198 stock on TipRanks’ Stock Analysis page.