Higher oil price will hurt the chemical industry.  The raw materials used in China's chemical industry are mainly coal and crude oil, and the price of raw material and energy account for a large proportion of the cost.  Chemical fiber takes synthetic fiber monomer (polymer) as raw material, and the price of raw material is very sensitive to crude oil price.  The plastic products industry is based on petrochemical products as material, such as polyethylene and polypropylene,  and the raw material price account for a large proportion of production costs, the change of crude oil prices has a greater impact on it.  Therefore, on the whole, the cost of the chemical industry will increase because of the rise in oil prices.