Agriculture-Chemical Stocks Rise on Hormuz Shipping Disruptions

Agriculture-chemical shares rose after Middle East fighting disrupted fertilizer shipments through the Strait of Hormuz, raising the risk of global fertilizer supply interruptions, according to Jiemian News. Huaxin Securities said higher oil prices and geopolitical risk often push up grain prices, and that historical patterns suggest an agricultural chemicals cycle could begin 1-2 years after grain prices rise, with wider domestic and overseas fertilizer price gaps and stronger pesticide demand likely to benefit phosphate and potash companies first. As of 11:04 a.m. on July 22, 2026, the CSI Agriculture Theme Index (000949) was up 0.49%. Among its constituents, Zangge Mining rose 6.32%, Lier Chemical gained 5.37%, Asia-Potash International advanced 4.52%, Guangxin Shares climbed 4.06%, and Salt Lake Co. rose 3.17%. Penghua Agriculture ETF (159041) was up 0.71% at 0.99 yuan, while Penghua Grain ETF (159698) rose 0.12% to 0.83 yuan. Jiemian News also said the ETF tracks the CSI Agriculture Theme Index, which selects 50 listed companies involved in agricultural products, farm machinery, fertilizers and pesticides, and livestock medicines. As of June 30, 2026, the index's top 10 holdings were Muyuan Foods, Wen's Food Group, Haida Group, Salt Lake Co., Zangge Mining, Asia-Potash International, Zhengbang Technology, Meihua Bioscience, New Hope and Biosyn, accounting for 61.97% of the index.