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建材ETF（159745）直线涨停，今日获申购7亿份！雅鲁藏布江1.2万亿级利好引爆市场
Sou Hu Cai Jing·2025-07-21 08:45

Core Insights - The commencement of the Yarlung Tsangpo River hydropower project has significantly boosted the A-share market, particularly in the building materials and engineering machinery sectors, leading to a surge in the building materials ETF (159745) which hit the daily limit and saw substantial net inflows [1] - The Yarlung Tsangpo project, with a total investment of approximately 1.2 trillion yuan, is the largest planned hydropower project globally, expected to generate massive demand for engineering, building materials, and civil explosives [1] - The demand from the Yarlung Tsangpo project is projected to be 4 to 5 times that of the Three Gorges Dam project, indicating a substantial growth opportunity for the building materials sector [1] Building Materials Sector - The building materials ETF (159745) tracks the CSI All Share Construction Materials Index, which includes segments such as cement, glass, and consumer building materials, positioning it to directly benefit from the Yarlung Tsangpo hydropower project [1] - The top ten constituents of the CSI All Share Construction Materials Index include major companies like Conch Cement (14.45% weight) and Beixin Building Materials (11.86% weight), indicating a diversified exposure within the sector [2] Industry Growth Drivers - The Ministry of Industry and Information Technology is set to release a work plan aimed at stabilizing growth in ten key industries, including building materials, which will focus on structural adjustments, supply optimization, and the elimination of outdated production capacity [3] - The recent Central Urban Work Conference emphasized a shift in urbanization from rapid growth to stable development, which will drive demand for construction materials through urban renewal initiatives [3] - The China Cement Association has initiated measures to promote high-quality development in the cement industry, which is expected to optimize supply-side conditions and enhance profitability for building materials companies [3]