化工龙头ETF（516220）午后领涨超1.1%，供需格局改善预期获市场关注

Core Viewpoint - The basic chemical industry is showing a clear rebound trend, with fundamental risks largely cleared. The industry has entered a phase of negative capital expenditure in the first half of 2025, with construction projects down 15% year-on-year, and the introduction of the "anti-involution" policy is easing supply-side pressures, leading to an expected gradual optimization of the supply-demand structure [1] Group 1: Industry Trends - The basic chemical industry is experiencing a rebound, with significant improvements in the fundamental outlook [1] - The chemical price index has been at historical lows after a decline of over three years, indicating limited downside potential [1] - The demand side is expected to expand due to supportive fiscal and monetary policies, as well as the "two new" and "anti-involution" policies, which will continue to open up profit margins in the industry [1] Group 2: Investment Opportunities - The chemical sector's various commodities are currently at historical low valuations, providing a high safety margin and potential for high elasticity [1] - New materials and technologies, including green recycling technologies for waste plastics, are key development directions supported by policy, which may improve profitability and valuation [1] - The chemical leader ETF (516220) tracks a specific chemical index (000813) that includes listed companies in sectors such as pesticides, fertilizers, and coatings, allowing investors to capture the dynamics and investment opportunities in China's chemical sub-markets [1]