7部门联合印发《石化化工行业稳增长工作方案（2025-2026年）》，石化ETF（159731）布局价值凸显

Core Viewpoint - The joint issuance of the "Petrochemical Industry Stabilization and Growth Work Plan (2025-2026)" by seven departments aims to promote stable operation and structural optimization of the petrochemical industry, targeting an average annual growth of over 5% in value added from 2025 to 2026 [1] Group 1: Industry Goals and Expectations - The main goals for the petrochemical industry in the 2025 plan include achieving an average annual growth of over 5% in value added, stabilizing economic benefits, significantly enhancing technological innovation capabilities, and improving safety levels while reducing pollution and carbon emissions [1] - The plan emphasizes the transition from standardized construction of chemical parks to high-quality development, indicating a shift towards more efficient and sustainable practices in the industry [1] Group 2: Market Outlook and Investment Opportunities - Changjiang Securities suggests that the combination of "anti-involution" and high-quality development will lead to more orderly new supply and more efficient existing supply, with emerging applications in new energy, low-altitude economy, humanoid robots, and AI computing power expected to boost demand in the petrochemical sector [1] - The relationship of supply exceeding demand is anticipated to reverse, indicating a gradual improvement in the industry's prosperity [1] Group 3: ETF and Index Performance - The Petrochemical ETF (159731) and its connected funds (017855/017856) closely track the CSI Petrochemical Industry Index, which is composed of three major sectors: refining and trading (27.12%), chemical products (23.87%), and agricultural chemicals (19.75%), all of which are expected to benefit from policies aimed at reducing involution, restructuring, and eliminating outdated production capacity [1]