HaiKe Chemical Group, the petrochemical, speciality chemical and biochemical business based in the People’s Republic of China, jumped almost 15% today after the company announced that it has partially reopened its oil refinery facilities as a result of “improved market conditions”.
On 23 July 2008 HaiKe Chemcial announced that it was temporarily shutting down its oil refinery facilities for a major overhaul, due to high oil prices, and the absence of further price adjustment notices for oil
products.