Jiangsu Baichuan High‑Tech New Materials Co Ltd (BCC) in Context of Recent Market Activity
Jiangsu Baichuan High‑Tech New Materials Co Ltd (ticker 300798) is a Chinese chemical‑materials producer headquartered in Jiangyin, Jiangsu Province. The company manufactures chemical solvents, paint additives, and plasticizers—key inputs for the broader chemical and plastics industries. BCC trades on the Shenzhen Stock Exchange and is included in the Shenzhen‑Hong Kong Stock Connect. As of 8 January 2026, its closing price was 7.13 CNY, with a 52‑week high of 9.05 CNY and a low of 6.12 CNY.
1. Market Environment on 28 January 2026
- Index Performance – The Shanghai Composite Index closed at 4,151.24 points, up 0.27 %. The Shenzhen Component Index finished at 14,342.89 points, rising 0.09 %. The ChiNext Index ended at 3,323.56 points, falling 0.57 %.
- Trading Volume – Total A‑share turnover reached 29.9 billion CNY, with 488 stocks crossing the five‑day moving average (MA) and 45 stocks breaking the yearly moving average (MA).
- Sector Highlights – The chemical sector recorded strong intraday activity. Several chemical‑related stocks, including BCC (300798), exhibited large intraday price moves and high trading volume. The sector’s performance was supported by rising upstream raw‑material prices and a general upward trend in chemical‑product indices.
2. BCC’s Position Relative to Sector Movements
On 28 January, BCC’s intraday trading data showed:
| Indicator | Value |
|---|---|
| Daily change | +9.94 % |
| Trade volume per transaction | 2,605 shares |
| Volume increase vs. previous period | 184.25 % |
| Five‑day MA | 4.96 CNY |
| Latest price | 5.31 CNY |
| Relative strength index (RSI) | 14.18 % relative deviation from MA |
- Intraday Strength – BCC was among the top 19 stocks on the day with both a volume increase over 50 % and a high relative price deviation from its five‑day MA.
- Momentum – The 14.18 % deviation indicates a strong upward momentum relative to the short‑term average, comparable to leading chemical stocks such as Jinji Co (20.05 % deviation) and Huatong Tech (11.74 %).
- Price Breakouts – While BCC did not cross the yearly MA on this day, its price remained above the five‑day MA, suggesting sustained bullish pressure.
3. Implications for Investors
- Sector Trend – The chemical industry’s recent rally, driven by upstream cost increases and downstream demand, has created favorable conditions for BCC’s product categories (solvents, additives, plasticizers).
- Liquidity – The significant jump in trade volume per transaction (over 180 % increase) reflects heightened liquidity and interest in BCC shares during the trading session.
- Risk Considerations – Although the company benefits from a strong sector trend, it remains exposed to raw‑material price volatility and potential regulatory changes affecting chemical manufacturing.
4. Summary
During the market session of 28 January 2026, Jiangsu Baichuan High‑Tech New Materials Co Ltd demonstrated notable intraday strength, with a substantial percentage gain and a significant increase in trading volume. Its performance aligns with the broader upward trajectory of the chemical sector, underscoring the company’s positioning within a market that has been benefiting from rising material costs and demand for chemical products. Investors observing BCC should monitor its short‑term momentum relative to moving averages, as well as the ongoing sector dynamics that continue to influence pricing and profitability in the chemical industry.
