The chemical sector experienced a deep correction, with the Guotai Chemical ETF (516220) falling more than 4%. Geopolitical shocks may trigger a rise in chemical prices, making it a potential opportunity to position at lower levels.

GateUser-bd883c58 · 2026-03-24T23:10:22+00:00

Shanghai Securities points out that due to raw material supply shortages, the global energy and chemical market faces significant impact, with chemical product prices rising across the board. The Middle East situation has led to crude oil supply disruptions, intensifying concerns about petrochemical production cuts. The IEA warns that the conflict has caused severe supply shortages in the global oil market, and if shipping cannot be restored, the situation will further deteriorate.

GateUser-bd883c58

2026-03-24 23:10:22

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Shanghai Securities pointed out that raw material supply shortages are impacting the global energy and chemical markets, leading to a comprehensive rise in chemical product prices. Over the past week, most chemical prices have increased, and spreads have widened. Recently, passage through the Strait of Hormuz has been obstructed, preventing most Middle Eastern crude oil and naphtha from being shipped to Asia, causing petrochemical companies in Northeast and Southeast Asia to begin reducing production due to uncertain raw material supplies, with significant cuts in cracking units. The situation in the Middle East continues to escalate, pushing international oil prices higher. The IEA reported that due to ongoing conflicts in the Middle East, the global oil market is facing the most severe supply disruptions in history. If shipping cannot be restored quickly, the global crude oil supply gap will further widen.

Guotai Chemical ETF (516220) tracks the Sub-Industry Chemical Index (000813), which selects listed companies involved in sub-sectors such as fertilizers, pesticides, and coatings from the Shanghai and Shenzhen markets to reflect the overall performance of listed chemical companies.

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