The Middle East situation has triggered a wave of rising prices in the chemical industry. “Bull stock” Red Polyli hit the daily limit. The company responded: propylene oxide has not resumed production yet.

2026-04-12 11:52:03

The A-share chemical sector sees a collective surge. As of the close, Hongbaoli sealed the daily trading limit, at 12.21 yuan per share. In terms of the news, recent geopolitical tensions in the Middle East have continued to run high, driving up international oil prices and chemical product prices. Notably, although upstream oil prices have been strong, Hongbaoli has not actually produced propylene oxide at present. A reporter called Hongbaoli, posing as an investor. The company’s receptionist said that stock price fluctuations are market behavior: “The company’s product prices are normal, with no major changes. Propylene oxide has not been produced yet; it is still in the early stages of production preparation, and production is expected to resume before the end of June.” (Southern Finance)

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