UBS: When Oil Prices Remain at High Levels, Focus on Energy, Chemicals, Shipping, and Aluminum; Petrochemical ETF (159731) Positioning Value Becomes Prominent

SadMoneyMeow · 2026-03-19T06:41:44+00:00

On the afternoon of March 19, the Chinese Petroleum & Chemical Industry Index adjusted downward, declining more than 2.2%, with constituent stocks such as CNOOC performing well. A UBS report indicates that if the Strait of Hormuz were to close for an extended period, oil prices would rise, recommending attention to energy-related stocks. Petrochemical ETFs are expected to benefit from policy adjustments.

SadMoneyMeow

2026-03-19 06:41:44

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On the afternoon of March 19, the CSI Petrochemical Industry Index continued its downward trend, dropping over 2.2% intraday. The constituent stocks, including CNOOC, PetroChina, Sinopec, and Baofeng Energy, rose. Regarding related ETFs, the Petrochemical ETF (159731) followed the index adjustment, opening a window for low-position deployment.

On March 18, UBS released a report stating that if the Strait of Hormuz remains closed for the long term, oil prices will continue to rise, pushing up U.S. Treasury yields and impacting consumer and tech stocks. Based on this, UBS compiled two lists of Chinese stocks: 1) When oil prices stay high, focus on energy, chemicals, shipping, and aluminum industries; 2) When oil prices normalize, airlines, airports, leisure, and renewable energy sectors are expected to lead.

The Petrochemical ETF (159731) and its associated funds (017855/017856) closely track the CSI Petrochemical Industry Index, which includes sub-sectors and concepts such as refining and chemicals, polyurethane, potash fertilizer, phosphate chemicals, and fluorochemicals. They are expected to continue benefiting from policies aimed at reducing internal competition, restructuring, and phasing out outdated capacity.

Daily Economic News

(Edited by: He Chong)

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