细分化工指数下半年以来涨超34%，化工ETF天弘（159133）发行三日提前结募

Group 1 - Tianhong Chemical ETF (159133) announced an early closure of its fundraising period, which was originally set to end on November 21, 2025, but was moved to November 12, 2025, due to strong demand [1] - The chemical sector has seen a significant increase, with the CSI sub-industry chemical theme index rising over 34% from July 1 to November 12 [1] - The ETF tracks 50 large-cap, liquid stocks in the chemical industry, with over 93% of its holdings concentrated in three primary sectors: basic chemicals, petroleum and petrochemicals, and power equipment [1] Group 2 - According to CICC's report, domestic chemical product price indices, profit margins, and industry valuations are currently at low levels, with weak global demand for chemical products [2] - The report suggests that the domestic chemical industry's capital expenditure continues to decline, and the exit of outdated overseas capacity may lead to positive changes in supply [2] - Debon Securities indicates that core assets in the chemical sector are entering a long-term value zone, with expectations of a recovery in both valuation and profitability for leading chemical companies [2]