[Featured Stock] Hanwha Solutions Rises for 2 Consecutive Days on Expected Benefits from Power Shortage at Chinese Factories
![[Featured Stock] Hanwha Solutions Rises for 2 Consecutive Days on Expected Benefits from Power Shortage at Chinese Factories](http://www.asiae.co.kr/news/img_view.htm?img=2021090108014910429_1630450908.jpg)
[Asia Economy Reporter Minji Lee] Hanwha Solutions, a domestic chemical company, has shown a strong performance for two consecutive trading days.
At 9:35 AM on the 6th, Hanwha Solutions was trading at 45,400 KRW, up 3.30% compared to the previous trading day. Having closed up 2.3% the day before, Hanwha Solutions continues its upward trend today.
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The stock's strength is due to expectations that domestic chemical companies will benefit as Chinese chemical companies' plant operating rates decline amid power shortages. Lee Dong-jun, a researcher at Kiwoom Securities, stated, "In China, power shortages have caused a slowdown in PVC production, leading to a decrease in the production of caustic soda, a byproduct. The company is expected to benefit not only in the caustic soda segment but also in the PVC business segment due to the power shortage in China."
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