Fertiliser stocks fell in the afternoon, with 03983.HK down 5.04 per cent at HK $2.26, 01866.HK down 3.12 per cent at HK $5.9 and China Chemical Fertilizer (00297.HK) down 1.6 per cent at HK $1.23.
About 03983.HK: Petrochina Chemical Co., Ltd. is mainly engaged in the production and sales of chemical fertilizers and chemical products. Chemical fertilizer mainly includes urea and phosphorus compound fertilizer. Chemical products mainly include methanol. The company operates through four business units. The Urea Department is engaged in the production and sales of urea. Phosphate Fertilizer and compound Fertilizer Department is engaged in the production and sales of monoammonium phosphate (MAP), diammonium phosphate (DAP) and compound fertilizer. The methanol Department is engaged in the production and sales of methanol. Other departments are engaged in port operations, transportation services, chemical fertilizer and chemical trading, and the production and sales of bulk mixed fertilizers (BB) and plastic woven bags.
China Xinlianxin Chemical Fertilizer (01866.HK) Co., Ltd. is an investment holding company, mainly engaged in research and development, production and sales of urea, compound fertilizer, methanol, furfuryl alcohol, automotive urea, melamine and related differentiated products. The company operates through four business units: production and sales of urea, production and sales of compound fertilizers, production and sales of methanol and production and sales of other products. Other products include furfuryl alcohol, unrefined methanol, liquid ammonia and ammonia solutions. The company, through its subsidiaries, is also engaged in mining and selling coal mines.
Sinochem Fertilizer (00297.HK) Company profile: Sinochem Fertilizer holding Co., Ltd. is an investment holding company mainly engaged in the sale of chemical fertilizer. The company and its subsidiaries operate through two major divisions. The marketing division is engaged in the procurement and distribution of chemical fertilizer and agriculture-related products. The production division is engaged in the production and sales of chemical fertilizers. In addition, the company provides technical research and development and services for fertilizer-related businesses and products, as well as mining and exploration of phosphate rocks and the production of forage calcium. Products include potash fertilizer, nitrogen fertilizer, compound fertilizer and phosphate fertilizer and so on.
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