--- title: "The coal and oil sectors are returning to an upward trend, seizing the structural market opportunities in resources and technology stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/280646600.md" description: "On March 26, the SSE Index once again fell below 3,900 points, with sectors such as coal and oil returning to an upward trend. Market analysis suggests that short-term institutional fund adjustments and geopolitical uncertainties will lead to repeated market fluctuations. Although the three major stock indices opened lower and fluctuated downward, the coal and oil sectors performed strongly, while stocks related to the battery supply chain rose collectively due to export bans. International oil prices rebounded, and the domestic oil and gas sector strengthened simultaneously. The chemical sector saw widespread gains, with BASF announcing price increases for multiple products. Commercial aerospace concept stocks were active" datetime: "2026-03-26T13:59:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280646600.md) - [en](https://longbridge.com/en/news/280646600.md) - [zh-HK](https://longbridge.com/zh-HK/news/280646600.md) --- # The coal and oil sectors are returning to an upward trend, seizing the structural market opportunities in resources and technology stocks On March 26, the SSE Index once again fell below 3,900 points, with sectors such as coal and oil & petrochemicals returning to an upward trend. Industry insiders indicate that in the short term, the reallocation of institutional funds and geopolitical uncertainties will create a tug-of-war. Looking ahead, the market may seek a new balance amid repeated fluctuations, focusing on the structural trends of resource and technology stocks. **Strong Return of Coal and Oil & Petrochemical Sectors** On March 26, the three major A-share indices opened lower collectively. After a brief period of fluctuation at the beginning of the session, the three indices trended downward, with the decline widening in the afternoon, causing the Shanghai Composite Index to fall below the 3,900-point mark again. By the close, the SSE Composite Index fell by 1.09% to 3,889.08 points; the Sci-Tech 50 Index dropped by 2.02% to 1,288.81 points; the Shenzhen Component Index decreased by 1.41% to 13,606.44 points; and the ChiNext Index fell by 1.34% to 3,272.49 points. According to Wind data, a total of 915 stocks rose in the two markets and the Beijing Stock Exchange, while 4,490 stocks fell. The total trading volume of the Shanghai and Shenzhen markets was 1.9436 trillion yuan, a decrease of 236.3 billion yuan compared to the previous trading day. Affected by Zimbabwe's ban on lithium concentrate exports, related stocks in the battery supply chain experienced a collective rise. Among them, Haike Xinyuan and Zhongrui Co., Ltd. both rose over 10%, while Shida Shenghua hit the daily limit. In terms of industry fundamentals, from January to February 2026, the cumulative export scale of domestic power and energy storage batteries reached 48.0 GWh, a year-on-year increase of 24.6%; among the subcategories, the sales volume of energy storage batteries saw a year-on-year increase of 108.9%. With ongoing turmoil in the Middle East geopolitical situation, international oil prices rebounded, and the domestic A-share oil and gas sector strengthened accordingly. Blue Flame Holdings hit the daily limit during the afternoon trading session, with stocks like Shihua Gas and CNOOC Engineering also rising. The chemical sector welcomed a broad rally again, with Bohai Chemical achieving two consecutive daily limits. In industry news, global chemical leader BASF announced that it would raise prices for several of its products. Specifically, BASF will increase prices for its entire range of basic amines in the European market, with the highest increase reaching 30%, and some products may see even higher price adjustments. Commercial aerospace concept stocks performed actively during the session, with Xibu Materials, Zhongchao Holdings, and Zai Sheng Technology all hitting daily limits, while stocks like Xunwei Communication, Chunhui Zhikong, Pathfinder, and Tianyin Electromechanical also rose. In terms of news, market reports suggest that SpaceX is expected to formally submit its IPO prospectus to regulators. This IPO plans to raise over $75 billion. **Market May Seek New Balance Amid Repeated Fluctuations** Chen Yuheng, a senior investment advisor at Jifeng Investment Consulting, stated: "After experiencing a rebound of over a hundred points in the previous two days, the A-share market staged a 'roller coaster' performance on Thursday. This rise and fall appears to be a technical adjustment but actually reflects the fragile balance of the current market under the interplay of multiple internal and external variables. From the internal structure of the market, technology stocks were the main contributors to Thursday's decline. The sudden escalation of external geopolitical risks constituted a direct pressure source in the afternoon. The subtle changes in the funding landscape are also worth noting. In the short term, the reallocation of institutional funds and geopolitical uncertainties will create a tug-of-war Looking ahead, the market may seek a new balance amid repeated fluctuations. Xia Fanjie, a strategist analyst at CITIC Securities, believes: "The conflict between the U.S., Israel, and Iran has entered a stalemate phase, causing severe fluctuations in oil prices. China's diversification of crude oil imports, energy structure transformation, and strategic petroleum reserves will play a buffering role. However, under the constraints of global risk appetite disturbances and domestic market liquidity, the A-shares may still maintain a fluctuating pattern in the short term. If the U.S.-Israel-Iran conflict prolongs, it may bring three impacts: first, the oil price center will rise, global inflation will heat up, and the Federal Reserve's interest rate cut pace will be disrupted; second, the loosening of the petrodollar system will accelerate, and China is expected to become a global capital safe haven, benefiting RMB assets; finally, it may create strategic opportunities for China, relying on the dual pillar energy base of 'coal + new energy' to not only ensure its own energy security but also potentially become a leader in global energy transition. Key industries to focus on include coal, coal chemical, power equipment, public utilities, oil and petrochemicals, and the AI industry chain. Themes to pay attention to include lithium batteries, nuclear power, energy storage, and wind power." Reporter: Huang Du ### Related Stocks - [159870.CN](https://longbridge.com/en/quote/159870.CN.md) - [159731.CN](https://longbridge.com/en/quote/159731.CN.md) - [516570.CN](https://longbridge.com/en/quote/516570.CN.md) - [516020.CN](https://longbridge.com/en/quote/516020.CN.md) - [516220.CN](https://longbridge.com/en/quote/516220.CN.md) - [159944.CN](https://longbridge.com/en/quote/159944.CN.md) - [000001.CN](https://longbridge.com/en/quote/000001.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) - [China economy slows sharply as investment returns to contraction](https://longbridge.com/en/news/286707036.md) - [International Energy Agency Is Wrong To Forecast Coal's Demise](https://longbridge.com/en/news/286899857.md) - [EagleRock jumps 24% after IPO. 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