Weekly Report for December 10th-14th   

During the week of December 10th-14th, the indexes of Shanghai and Shenzhen Stock Markets descended by 1.65% and 1.59% respectively. Among 87 chemical companies whose stocks have been traded throughout the week, only 19 chemical companies suffered a stock price decline. The decline of indexes was mainly driven by big companies such as PetroChina Company Limited (SH: 601857), down 2.4% and Sinopec Corp. (SH: 600028), down 3%.
   Shanghai Jahwa (SH: 600315), a household chemicals company enjoyed the biggest stock price increase of 21.1%. Salt Lake Potash (SZ: 000792) followed with a weekly increase of 20.6%, because the price of potassium chloride is surging up. Shenyang Chemical (SZ: 000698) got the biggest stock price increase in the week of December 3rd-7th but this week suffered the biggest drop among the 19 chemical companies.   
   Sinopec Corp. publicly announced its suggestion for making its non-tradable shares in Sinopec Shanghai Petrochemical (SH: 600688) and Sinopec Yizheng Chemical Fiber (SH: 600871) tradable. The suggestions must be approved by most of the minority shareholders who hold tradable shares in these two companies. Most of those shareholders hope Sinopec Corp. privatizes these two companies, just like Sinopec Qilu Petrochemical was privatized in April 2006.  

By Peter Zong   

Ticker or Code    Company name    Category
     Closing    1-Week    YTD    Trailing    Weekly    Marketcap
     price     change    change    P.E.    change     
     RMB     %       %             %        mn RMB

000036    China Union Holdings     FM
    7.98    -5.0     39.0     46.9     12.9     8969
000059    Liaoning Huajin Tongda    CF
    11.24    1.1     68.1     86.5     80.2     7455
000155    Sichuan Chemical    CF
    12.8    3.2     67.6     43.5     21.7     6016
000420    Jilin Chemical Fibre    FM
    9.95    1.6     76.0     165.8     95.6     3764
000422    Hubei Yihua Chemical    CF
    18.95    8.8     81.6     47.8     91.1     10278
000498    Dandong Chemical Fibre    FM
    6.26    -4.3     65.1     -6.7     14.0     2441
000510    Sichuan Jinlu    BI
    7.95    7.1     72.5     69.3     179.4     4843
000515    Chongqing Titanium     BI
    18.74    4.6     68.8     170.4     49.3     3508
000523    Lonkey Industrial     SC
    8.56    -0.5     55.0     135.9     -35.7     1477
000525    Nanjing Redsun    SC
    13.52    1.0     48.2     116.0     80.3     3789
000553    Hubei Sanonda    SC
    10.61    3.1     58.6     274.2     5.4     3151
000554    Sinopec Taishan Petroleum    PC
    11.31    -1.7     45.3     70.7     43.7     5438
000565    Sanxia Paints     SC
    24.24    11.1     91.9     655.1     191.5     4204
000584    Sofcra Special-Typed Fiber    FM
    18.74    9.1     91.2     871.6     161.8     5685
000589    Gui Zhou Tyre    PR
    9.04    1.8     48.6     38.3     114.3     2299
000599    Qingdao Doublestar    PR
    6.8    5.9     66.5     78.2     254.6     3094
000635    Ningxia Yinglite    BI
    26.45    7.1     85.4     91.9     114.8     3636
000637    Maoming Petrochemical Shihua    PC
    14.27    4.3     25.1     53.4     77.6     6451
000659    Zhuhai Zhongfu     PR
    10.68    1.3     71.3     71.2     68.0     7351
000665    Wuhan Plastics     PR
    8.64    -1.0     52.9     66.5     -10.5     1534
000668    Sinopec Wuhan Petroleum    PC
    20.98    5.2     53.3     77.7     44.6