[Special Stock] Baekgwang Industry, Soaring Import Prices of Chinese Deicing Agents... Spotlight on Calcium Chloride-Related Stocks↑

[Asia Economy Reporter Jang Hyowon] Baekkwang Industrial is showing strong performance. The company, classified as a calcium chloride-related stock, has gained attention following news that calcium chloride prices have surged up to four times due to export restrictions from China.

As of 9:08 AM on the 22nd, Baekkwang Industrial is trading at 4,440 KRW, up 1.25% from the previous day.

According to industry sources, a total of 739,317 tons of calcium chloride were imported into Korea from 2017 to September 2021, of which 99.46% (735,306 tons) came from China. With such a high dependency on China for calcium chloride, recent export restrictions by China have caused prices to rise up to four times, increasing from around 70,000 KRW per ton to 300,000 KRW per ton.

Baekkwang Industrial is an inorganic chemical manufacturer that produces alkali and chlorine using sodium chloride as raw material. It is known for producing calcium chloride materials used as de-icing agents.