甲酸价格突破3100元/吨，化工ETF(159870)盘中净申购1000万份，冲刺连续12日净申购

Group 1 - The core viewpoint of the news is that the formic acid price has surged by 24% weekly, exceeding 3100 yuan/ton, driven by strong external demand, benefiting companies like Luxi Chemical and Hualu Hengsheng with new capacity coming online [1] - The chemical sector is experiencing increased capital inflow, with the chemical ETF (159870) seeing a net subscription of 10 million units, marking 12 consecutive days of net subscriptions [1] - As of August 5, 2025, the CSI Sub-Industry Chemical Theme Index (000813) has risen by 0.33%, with notable increases in stocks such as Guangwei Composites (300699) up 2.32% and Luxi Chemical (000830) up 1.82% [1] Group 2 - Recent policies from various departments and local governments regarding capacity governance and assessment of outdated facilities are expected to drive supply-side reforms in the domestic chemical industry, benefiting leading companies in various sub-sectors [2] - The current capacity utilization rate and gross profit margin in the chemical industry are at historical lows, with the capacity utilization rate at 71.9% and gross profit margin at 12.95% as of Q2 2025 [2] - The peak of new capacity additions in the chemical industry is gradually passing, which may lead to a reduction in overall capital expenditure and an increase in industry prosperity [2] Group 3 - As of July 31, 2025, the top ten weighted stocks in the CSI Sub-Industry Chemical Theme Index (000813) include Wanhua Chemical (600309), Yilong Co. (000792), and Juhua Co. (600160), collectively accounting for 43.54% of the index [3]