Hong Kong Stock Market Movement | Hongcheng Environmental Technology rises over 5% as the current sulfur resource upcycle continues

Gelonghui, July 10 | Hongcheng Environmental Technology (2265.HK) rose more than 5% to HK$1.44, hitting a new high since June 12. On the news front, analysts noted that although sulfur prices have been fluctuating at elevated levels—fueling expectations of easing cost pressures—tight spot supply and sustained high prices for pyrite and base metal ores such as copper, lead, and zinc continue to provide firm support to sulfuric acid production costs from the raw material side. Meanwhile, robust operating rates and strong order books in the lithium iron phosphate (LFP) and iron phosphate cathode industries ensure stable, demand-driven purchases, effectively offsetting the decline in traditional demand and serving as the core pillar underpinning high acid prices. Hongcheng Environmental Technology acquired all equity interests in Laizhou Jinxing Chemical for RMB 71.17 million.

Gelonghui FinanceJul 10 15:21

Hong Kong Stock Market Movement | Sulfuric acid prices stabilize above RMB 2,000 per ton; Hongcheng Environmental Technology rises over 10%

Gelonghui, July 6 | Hongcheng Environmental Technology (2265.HK) rose more than 10% intraday, reaching a high of HK$1.36. On the news front, domestic sulfur prices have dropped sharply since mid-June after hitting a record high earlier this year, with offers from mainland enterprises even falling below RMB 9,000 per ton. In contrast, industrial sulfuric acid (primarily referring to 98% concentration) prices have not declined but instead continued to rise, remaining firmly above the RMB 2,000-per-ton mark. Analysts note that although the elevated and volatile sulfur prices have raised expectations of easing cost pressures, persistently tight spot supply, along with sustained high prices for pyrite and base metal ores such as copper, lead, and zinc, continue to provide solid cost support for sulfuric acid from the raw materials side. Same

Gelonghui FinanceJul 6 14:37

Hong Kong Stock Market Movement | Hongcheng Environmental Technology rises nearly 6%, supported by strong demand from the new energy sector keeping the sulfuric acid market at elevated levels

Gelonghui, July 2 | Hongcheng Environmental Technology (2265.HK) rose nearly 6% early in the trading session, reaching an intraday high of HK$1.27. On the news front, since mid-June, domestic sulfur prices have declined sharply from their year-to-date record highs, with domestic producers quoting below RMB 9,000 per tonne. Meanwhile, prices for domestic industrial-grade sulfuric acid (primarily 98% concentration) have defied the downward trend and continued to hold firmly above RMB 2,000 per tonne. High operating rates and strong order backlogs in the lithium iron phosphate (LFP) and iron phosphate industries have sustained steady spot demand, effectively offsetting weakening traditional demand and serving as the core support underpinning elevated acid prices. Looking ahead to July, analysts at Chem99 noted that on the supply side, plant maintenance activities...

Gelonghui FinanceJul 2 10:05

Hong Kong Stock Market Movement | Hongcheng Environmental Technology Rises Over 8% Further, Extending Gains for Fourth Consecutive Session on Rising Sulfur Prices

Gelonghui, June 11 — Hongcheng Environmental Technology (2265.HK) surged again, rising more than 8%, marking a cumulative gain of over 30% across four consecutive trading days, and is currently trading at HK$1.43. According to the latest market data as of June 8, the current market price of sulfur stands at approximately RMB 8,033 per tonne, compared to just RMB 3,661 per tonne at the beginning of 2026, representing a year-to-date increase of roughly 120%. Over a longer timeframe, sulfur prices have soared by more than 650% since the beginning of 2024, when they were at RMB 1,066 per tonne—the strongest rally since 2008. The company primarily engages in the production and sale of sulfur concentrate and sits at the very top of the supply chain benefiting directly from this price upswing.

Gelonghui FinanceJun 11 10:16

Hong Kong Stock Market Movement | Hongcheng Environmental Technology rises over 6% as sustained supply tightness continues to push up domestic sulfur prices

Gelonghui, June 8 | Hongcheng Environmental Technology (2265.HK) rose more than 6%, reaching an intraday high of HK$1.20. Market reports indicate that sulfur prices have surged due to disrupted import channels and limited domestic production. On June 7, a local refinery in Shandong province set the reserve price for solid sulfur at RMB 9,800 per ton in an auction, with the actual transaction price likely exceeding RMB 10,000 per ton—up over RMB 2,000 per ton from early June. At the beginning of 2026, the price was only RMB 3,850 per ton, and supply is currently extremely tight. Industry sources revealed that domestic port inventories of sulfur have now fallen to nearly 900,000 tons, compared with approximately 2 million tons at the same time last year. Hongcheng Environmental Technology

Gelonghui FinanceJun 8 09:58

Hong Kong Stock Market Movement | Hongcheng Environmental Technology surges over 13% as China's sulfuric acid market continues its upward trend in May

Gelonghui, May 29 | Shares of Hongcheng Environmental Technology (2265.HK) surged by more than 13% intraday, reaching a high of HK$1.39. Market reports indicate that China's sulfuric acid market continued its upward trend in May, with prices persistently rising and trading near their highest levels for the year. According to data from ChemNet, by the end of May, the mainstream transaction price for 98% concentrated sulfuric acid nationwide ranged between RMB 1,800 and RMB 2,100 per ton. The monthly average price continued to climb, marking the highest level for the same period in nearly three years. Although downstream phosphate fertilizer demand has entered its traditional off-season, strong support from sharply rising raw material costs and tightening supply has made the market prone to further gains rather than declines, reinforcing a clear one-way upward trend.

Gelonghui FinanceMay 29 10:07