← Global Green Chemicals overview

Global Green Chemicals vs Wanhua Chemical: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Global Green Chemicals Public Company Limited (GGC.BK)

Q3 2026
▲4

GGC swings to profit, clears losses, and gains biofuel tailwinds

  • Q2 profit turnaround on B100 biodiesel GGC swung to a Q2 net profit of 351 million baht from a loss, as B100 biodiesel sales jumped 39% on higher volumes and prices after the government changed the biodiesel blending mandate. This shows the core business is recovering and earning money again.

    The profit swing is the clearest fundamental driver of the stock's recent gains.

  • Cleared accumulated losses, shares up 56% GGC turned profitable and wiped out its accumulated losses through a par-value cut and financial restructuring. The stock surged 56% in a month as analysts called it a turnaround play. Clearing past losses lets the company consider paying dividends again in future.

    This explains the sharp share-price move and the improved financial health investors are reacting to.

  • Government biofuel tax cuts could lift demand Thailand is considering cutting excise taxes on biofuels to lower pump prices and boost consumption. DBS Vickers named GGC among 11 stocks set to benefit as a direct biofuel producer. Lower taxes would mean more ethanol and biodiesel sold, helping GGC's volumes and revenue.

    A potential policy change that directly increases demand for GGC's main products.

  • New feedstock deal and bio-hub support GGC signed an agreement with CP Axtra to study collecting 50,000 litres of used cooking oil a year for possible sustainable aviation fuel and biochemicals. Separately, the industry minister visited GGC's Nakhon Sawan bio-complex, signalling government backing for its bio-industry expansion.

    These are early-stage but show GGC building future feedstock supply and government support for its bio-hub strategy.

August 2026
▲4

GGC swings to profit, clears losses, and gains biofuel tailwinds

  • Q2 profit turnaround on B100 biodiesel GGC swung to a Q2 net profit of 351 million baht from a loss, as B100 biodiesel sales jumped 39% on higher volumes and prices after the government changed the biodiesel blending mandate. This shows the core business is recovering and earning money again.

    The profit swing is the clearest fundamental driver of the stock's recent gains.

  • Cleared accumulated losses, shares up 56% GGC turned profitable and wiped out its accumulated losses through a par-value cut and financial restructuring. The stock surged 56% in a month as analysts called it a turnaround play. Clearing past losses lets the company consider paying dividends again in future.

    This explains the sharp share-price move and the improved financial health investors are reacting to.

  • Government biofuel tax cuts could lift demand Thailand is considering cutting excise taxes on biofuels to lower pump prices and boost consumption. DBS Vickers named GGC among 11 stocks set to benefit as a direct biofuel producer. Lower taxes would mean more ethanol and biodiesel sold, helping GGC's volumes and revenue.

    A potential policy change that directly increases demand for GGC's main products.

  • New feedstock deal and bio-hub support GGC signed an agreement with CP Axtra to study collecting 50,000 litres of used cooking oil a year for possible sustainable aviation fuel and biochemicals. Separately, the industry minister visited GGC's Nakhon Sawan bio-complex, signalling government backing for its bio-industry expansion.

    These are early-stage but show GGC building future feedstock supply and government support for its bio-hub strategy.

Latest
▲4

GGC swings to profit, clears losses, and gains biofuel tailwinds

  • Q2 profit turnaround on B100 biodiesel GGC swung to a Q2 net profit of 351 million baht from a loss, as B100 biodiesel sales jumped 39% on higher volumes and prices after the government changed the biodiesel blending mandate. This shows the core business is recovering and earning money again.

    The profit swing is the clearest fundamental driver of the stock's recent gains.

  • Cleared accumulated losses, shares up 56% GGC turned profitable and wiped out its accumulated losses through a par-value cut and financial restructuring. The stock surged 56% in a month as analysts called it a turnaround play. Clearing past losses lets the company consider paying dividends again in future.

    This explains the sharp share-price move and the improved financial health investors are reacting to.

  • Government biofuel tax cuts could lift demand Thailand is considering cutting excise taxes on biofuels to lower pump prices and boost consumption. DBS Vickers named GGC among 11 stocks set to benefit as a direct biofuel producer. Lower taxes would mean more ethanol and biodiesel sold, helping GGC's volumes and revenue.

    A potential policy change that directly increases demand for GGC's main products.

  • New feedstock deal and bio-hub support GGC signed an agreement with CP Axtra to study collecting 50,000 litres of used cooking oil a year for possible sustainable aviation fuel and biochemicals. Separately, the industry minister visited GGC's Nakhon Sawan bio-complex, signalling government backing for its bio-industry expansion.

    These are early-stage but show GGC building future feedstock supply and government support for its bio-hub strategy.

Wanhua Chemical Group Co Ltd (600309.CG)

Q3 2026
▲3

Wanhua's profit surges on price hikes and tight MDI supply

  • Wanhua leads global MDI/TDI price hikes Wanhua and rivals Huntsman and BASF raised MDI and TDI prices by $200-300 per tonne, driven by higher costs and plant maintenance. As the world's largest MDI producer, Wanhua benefits directly from higher prices, lifting its revenue and profit.

    This is the core pricing driver behind Wanhua's earnings surge and stock appeal.

  • First-half profit jumps 64%, dividend announced Wanhua reported first-half revenue up 31% to 119.3 billion yuan and net profit up 64% to 10.06 billion yuan, with a 2.5 billion yuan dividend. Strong results confirm the upcycle and reward shareholders, supporting the stock price.

    Earnings and dividend are the clearest fundamental proof of the company's health.

  • Global MDI supply stays tight through 2028 Analysts expect a global MDI supply-demand gap of about 220,000 tonnes from 2026 to 2028, with capacity shifting to China where Wanhua has a cost advantage. Tight supply supports higher prices and margins for Wanhua.

    This structural supply gap underpins the positive long-term outlook for Wanhua's main product.

  • Maintenance shutdowns and restarts balance supply Wanhua's Yantai MDI plant shut for 45 days from August 10 and restarted by September 29, while its Fujian and Hungarian units also resumed. These routine outages temporarily tighten supply but restore volumes, keeping overall supply stable.

    Plant maintenance and restarts affect near-term supply but are routine and largely neutral for the big picture.

August 2026
▲3

Wanhua's profit surges on price hikes and tight MDI supply

  • Wanhua leads global MDI/TDI price hikes Wanhua and rivals Huntsman and BASF raised MDI and TDI prices by $200-300 per tonne, driven by higher costs and plant maintenance. As the world's largest MDI producer, Wanhua benefits directly from higher prices, lifting its revenue and profit.

    This is the core pricing driver behind Wanhua's earnings surge and stock appeal.

  • First-half profit jumps 64%, dividend announced Wanhua reported first-half revenue up 31% to 119.3 billion yuan and net profit up 64% to 10.06 billion yuan, with a 2.5 billion yuan dividend. Strong results confirm the upcycle and reward shareholders, supporting the stock price.

    Earnings and dividend are the clearest fundamental proof of the company's health.

  • Global MDI supply stays tight through 2028 Analysts expect a global MDI supply-demand gap of about 220,000 tonnes from 2026 to 2028, with capacity shifting to China where Wanhua has a cost advantage. Tight supply supports higher prices and margins for Wanhua.

    This structural supply gap underpins the positive long-term outlook for Wanhua's main product.

  • Maintenance shutdowns and restarts balance supply Wanhua's Yantai MDI plant shut for 45 days from August 10 and restarted by September 29, while its Fujian and Hungarian units also resumed. These routine outages temporarily tighten supply but restore volumes, keeping overall supply stable.

    Plant maintenance and restarts affect near-term supply but are routine and largely neutral for the big picture.

Latest
▲3

Wanhua's profit surges on price hikes and tight MDI supply

  • Wanhua leads global MDI/TDI price hikes Wanhua and rivals Huntsman and BASF raised MDI and TDI prices by $200-300 per tonne, driven by higher costs and plant maintenance. As the world's largest MDI producer, Wanhua benefits directly from higher prices, lifting its revenue and profit.

    This is the core pricing driver behind Wanhua's earnings surge and stock appeal.

  • First-half profit jumps 64%, dividend announced Wanhua reported first-half revenue up 31% to 119.3 billion yuan and net profit up 64% to 10.06 billion yuan, with a 2.5 billion yuan dividend. Strong results confirm the upcycle and reward shareholders, supporting the stock price.

    Earnings and dividend are the clearest fundamental proof of the company's health.

  • Global MDI supply stays tight through 2028 Analysts expect a global MDI supply-demand gap of about 220,000 tonnes from 2026 to 2028, with capacity shifting to China where Wanhua has a cost advantage. Tight supply supports higher prices and margins for Wanhua.

    This structural supply gap underpins the positive long-term outlook for Wanhua's main product.

  • Maintenance shutdowns and restarts balance supply Wanhua's Yantai MDI plant shut for 45 days from August 10 and restarted by September 29, while its Fujian and Hungarian units also resumed. These routine outages temporarily tighten supply but restore volumes, keeping overall supply stable.

    Plant maintenance and restarts affect near-term supply but are routine and largely neutral for the big picture.