化工ETF(159870)逆市涨超1.5%，机构称化工逐步进入右侧拐点区间

Group 1 - The chemical sector is experiencing a counter-cyclical rise, with the chemical ETF (159870) increasing by 1.54% [1] - The peak of capital expenditure in the chemical industry has passed, and both domestic and international demand are bottoming out, indicating a transition to a right-side turning point [1] - The driving factors for the counter-cyclical trend include controlling new projects, reducing existing capacity, and managing processes [1] Group 2 - The current chemical market cycle differs from previous cycles in 2016 and 2020, with higher industry operating rates but lower profitability [2] - The shift from anti-monopoly to anti-involution reflects the industry's struggles, particularly among state-owned enterprises facing significant losses [2] - The rapid increase in industry concentration is primarily due to the expansion of leading companies, enhancing their influence and market power [2] Group 3 - As of October 31, 2025, the CSI Sub-Industry Chemical Theme Index (000813) has seen significant gains, with top stocks like Salt Lake Shares (000792) and Hengli Petrochemical (600346) rising by 6.90% and 5.50% respectively [3] - The top ten weighted stocks in the CSI Sub-Industry Chemical Theme Index account for 44.83% of the index [3]