Why has the chemical industry adjusted recently, and what is the outlook for the future?

Recently, the chemical sector has experienced a significant pullback due to escalating conflicts in the Middle East and rising oil prices. Since mid-February, the petrochemical industry index has risen in tandem with oil prices, but as Brent crude oil prices surpassed $100 per barrel, the chemical sector began to fluctuate and decline. Concerns about a potential economic recession caused by high oil prices, profit-taking, and the long-term implications of sustained high oil prices have prompted investors to seek safety, leading to adjustments in the chemical industry. Looking ahead, investors need to pay attention to oil price trends and their impact on the chemical sector