--- title: "Huaxi Securities: Three Major Price Increase Themes Support A-Share Market" type: "News" locale: "en" url: "https://longbridge.com/en/news/278630302.md" description: "Huaxi Securities analysis points out that the A-share market in 2026 will shift from technology to the pricing chain, mainly driven by the price increases in industries such as petroleum and petrochemicals, coal, chemicals, and non-ferrous metals. Geopolitical situations will continue to affect the pricing chain, with a higher certainty of price increases in the energy chain and non-ferrous metals, while agricultural products also require attention. In terms of endogenous inflation, traditional industries such as chemicals and steel may experience price corrections. In the technology sector, attention should be paid to the upstream segments of the AI computing power industry chain" datetime: "2026-03-11T00:09:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278630302.md) - [en](https://longbridge.com/en/news/278630302.md) - [zh-HK](https://longbridge.com/zh-HK/news/278630302.md) --- # Huaxi Securities: Three Major Price Increase Themes Support A-Share Market Huaxi Securities pointed out that in 2026, the structural main line will switch from technology to the price increase chain. From the perspective of SW first-level industries, in 2026, the leading price increases will be in oil and petrochemicals, coal, chemicals, and non-ferrous metals. Under the catalysis of geopolitical situations, the price increase chain trend may continue to unfold. In terms of imported inflation, attention should be paid to the energy chain, non-ferrous metals, and agricultural products. Among them, the energy chain has a higher certainty of price increases due to geopolitical influences, with related sectors including oil and gas, coal chemical, upstream raw materials of chemicals, and shipping. For non-ferrous metals, small metals and aluminum have a relatively high certainty of price increases, while gold and copper show a mixed pattern of bullish and bearish trends. In terms of agricultural products, focus on feed raw materials, fertilizers, and pesticides. Regarding endogenous inflation, attention should be paid to traditional industries in the context of anti-involution, including chemicals, steel, coal, building materials, and live pigs. Among them, the chemical sector, driven by rising crude oil prices, has already entered the price increase range; prices of coal, steel, building materials, and live pigs are running at low levels, with the possibility of recovery. In terms of technology price increases, focus on the upstream segments of the AI computing power industry chain, including computing power infrastructure (servers, computing power chips, etc.), storage chips, optical communication, and upstream materials for PCBs (optical fibers, glass fibers, etc.) and electric energy ### Related Stocks - [510760.CN](https://longbridge.com/en/quote/510760.CN.md) - [399001.CN](https://longbridge.com/en/quote/399001.CN.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [159943.CN](https://longbridge.com/en/quote/159943.CN.md) - [000300.CN](https://longbridge.com/en/quote/000300.CN.md) - [515310.CN](https://longbridge.com/en/quote/515310.CN.md) - [159915.CN](https://longbridge.com/en/quote/159915.CN.md) - [510210.CN](https://longbridge.com/en/quote/510210.CN.md) - [159903.CN](https://longbridge.com/en/quote/159903.CN.md) - [399006.CN](https://longbridge.com/en/quote/399006.CN.md) - [510300.CN](https://longbridge.com/en/quote/510300.CN.md) - [159977.CN](https://longbridge.com/en/quote/159977.CN.md) ## Related News & Research - [China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)](https://longbridge.com/en/news/286699672.md) - [New Home Prices Rise, Hold Steady in Five More Major Chinese Cities in April](https://longbridge.com/en/news/286849542.md) - [China economy slows sharply as investment returns to contraction](https://longbridge.com/en/news/286707036.md) - [China's property investment extends decline in January-April](https://longbridge.com/en/news/286699189.md) - [China new home prices fall at slowest monthly pace in a year in April](https://longbridge.com/en/news/286697169.md)