PChem share price surged because these main reasons:-
- Middle East conflict pushed oil & petrochemical prices higher. Higher crude prices usually lead to higher petrochemical product prices, which benefits producers like Petronas Chemicals.
- Supply disruptions favour Petronas Chemicals. The war risk around the Strait of Hormuz disrupted feedstock supplies such as naphtha and LPG for many petrochemical plants worldwide.
- Investors expecting strong earnings rebound. 1. Higher fertiliser and methanol prices. 2. Global petrochemical supply shortages. 3. Reduced production from high-cost plants.

Iran declared its objective about oil price. Target is $200 a barrel. In the war, the missiles are the distraction. The oil price is the weapon. Watch the oil price. Not just the missile count.
https://www.dailysabah.com/business/energy/iran-to-world-get-ready-for-200-a-barrel