“反内卷”交易进入技术性修正阶段，石化ETF（159731）打开低位布局机会

Group 1 - The A-share market indices weakened, with the petrochemical sector experiencing a correction after a recent surge, as the petrochemical ETF (159731) fluctuated at low levels, dropping approximately 2.5% during the session [1] - The current "anti-involution" trading phase is entering a technical correction, transitioning from emotion-driven to fundamental pricing, with future focus shifting to the realization of industrial policies, sustainability of spot price transmission, and substantial changes in supply-demand structure [1] - The petrochemical ETF (159731) closely tracks the CSI Petrochemical Industry Index, with its top three sectors being refining and trading (28.9%), chemical products (22.8%), and agricultural chemicals (19.1%), which are expected to benefit from policies aimed at anti-involution, structural adjustments, and the elimination of outdated production capacity [1]