锂电、氟化工领跌，化工ETF（516020）盘中跌超1%，资金持续加码！机构：化工板块或迎来复苏拐点

Group 1 - The chemical sector experienced a pullback on September 12, with the chemical ETF (516020) dropping over 1% at one point during the trading session, closing down 0.8% [1] - Despite the pullback, the chemical sector has significantly outperformed the broader market since the "anti-involution" trend began, with the chemical ETF's index gaining 23.55% since early July, compared to 12.51% for the Shanghai Composite Index and 15.55% for the CSI 300 Index [3][4] - Recent data shows that the chemical ETF has attracted nearly 1 billion yuan in the last 10 trading days and over 1.6 billion yuan in the last 20 trading days, indicating strong investor interest [4] Group 2 - As of the latest closing, the price-to-book ratio of the chemical ETF's index stands at 2.3, which is at a low point within the last decade, suggesting favorable long-term investment opportunities [5] - Analysts from Huatai Securities believe that the chemical industry's capacity expansion cycle is nearing a turning point, with a potential recovery expected in the second half of 2025 as supply-side adjustments accelerate [6] - China Galaxy Securities anticipates that domestic demand will gradually strengthen in the second half of the year, driven by policy stimulus, and sees structural opportunities and valuation recovery potential in the chemical sector [6] Group 3 - The chemical ETF (516020) tracks the CSI Sub-Industry Chemical Index, covering various segments of the chemical industry, with nearly 50% of its holdings in large-cap leading stocks [6] - Investors can also access the chemical sector through the chemical ETF linked funds (Class A 012537/Class C 012538) for more efficient exposure [6]