Jiangsu Chengxing Phosph‑Chemicals Co. Ltd.: A Pulse in the Chemical Corridor

Jiangsu Chengxing Phosph‑Chemicals Co. Ltd. (ticker: 002500 on the Shanghai Stock Exchange) is a producer and marketer of phosphoric acid, phosphates and other phosphoric chemicals. As of 12 February 2026 the stock closed at 11.13 CNY, a modest 3 % decline from the 52‑week high of 14.54 CNY reached on 27 January. The company’s market capitalisation stands at 7.53 billion CNY, while the price‑earnings ratio is currently negative, reflecting a -72.57 figure that points to a period of earnings volatility or loss.

On 24 February 2026, the Shanghai and Shenzhen exchanges recorded a collective upswing: the Shanghai Composite Index rose 1.17 %, the Shenzhen Component Index climbed 1.82 % and the ChiNext Index gained 1.76 %. The chemical sector was a standout, delivering strong gains that outpaced the broader market.

Chemical Sector Surge

The day’s trading narrative was shaped by a “hot‑spot rotation” that saw more than 4,200 individual shares advance. Within this landscape, the chemical segment experienced a pronounced rally. Notable performers included:

  • Jiangsu Chengxing Phosph‑Chemicals – as a phosphoric‑chemical specialist, the firm benefitted from the sector’s momentum.
  • Other chemical names such as Jianzhengda, He Bang Biology, Jin Niu Chemical, Cheng Xing Shares, and Jin Pu Titanium Industry each hit the daily limit, underscoring a coordinated upward movement across the industry.
  • Oil and gas stocks also surged, with shares like Quanyou Shares and Shandong Meilong recording limit‑up movements, illustrating a broader commodities‑driven rally.

The sector’s performance was further amplified by macro‑policy headlines. On 18 February, the United States announced that phosphate and glyphosate would be classified as strategic resources, signalling heightened geopolitical attention to these materials. Meanwhile, India’s recent uptick in urea tender prices—recorded at CFR 512 USD/ton on the East Coast and 508 USD/ton on the West Coast—reflected an 85 USD/ton increase from January, translating to roughly 3,500 CNY/ton. These developments likely reinforced investors’ appetite for companies positioned to supply essential chemicals.

Market Context and Implications

The chemical sector’s rally dovetailed with a broader trend of positive sentiment across the markets, as indicated by the 1.51 trillion CNY in intraday turnover—a rise of 306.5 billion CNY compared to the previous trading day. The uptick in volume, especially among stocks like Zhongji Axu Chuang (over 15.3 billion CNY in trade volume) and Xin Yisheng (among the top traded names), demonstrates heightened investor confidence.

For Jiangsu Chengxing Phosph‑Chemicals, the alignment of the sector’s momentum with favourable macro‑policy signals could translate into short‑term price support. Its specialization in phosphoric acids and derivatives places it well to benefit from the United States’ strategic resource designation and from growing demand in agricultural and industrial applications. However, the negative P/E ratio suggests that earnings remain a concern, and investors should monitor the company’s profitability trajectory in the coming quarters.

Bottom Line

The 24 February market session underscored the vitality of China’s chemical sector, buoyed by both domestic trading enthusiasm and international policy developments. Jiangsu Chengxing Phosph‑Chemicals, as a key player in phosphoric‑based production, stands to gain from this favorable backdrop, provided it can navigate the inherent earnings volatility that currently characterises its financial profile.