Xin Lang Ji Jin·2025-11-24 11:57Group 1 - The chemical sector experienced a decline on November 24, with the chemical ETF (516020) showing a drop of 0.9% by the end of the trading day, after hitting a low of over 2% during the session [1] - Key stocks in the lithium battery, phosphate, and fluorine chemical sectors saw significant declines, with Enjie Co. down 5.83% and Hongda Co. down 4.34%, among others [1][3] - Despite the recent pullback in popular sectors like lithium batteries, institutions remain optimistic about the long-term trends in these sectors, with expectations of improved supply-demand dynamics by 2026 [1][3] Group 2 - The chemical ETF (516020) has shown a year-to-date increase of 23.73%, outperforming major indices such as the Shanghai Composite Index (14.47%) and the CSI 300 Index (13.04%) [3][4] - Recent trading data indicates that the chemical ETF has seen net subscriptions in 7 out of the last 10 trading days, with a total net subscription amount exceeding 500 million [5] - As of November 21, the price-to-book ratio of the chemical ETF's underlying index was 2.28, indicating a relatively low valuation compared to the past decade [6] Group 3 - Analysts suggest that the chemical industry is poised for further optimization in supply-demand dynamics, with leading companies expected to gain market share due to better management and energy control [7] - The chemical ETF (516020) tracks the CSI Sub-Industry Chemical Index, covering various sub-sectors, with nearly 50% of its holdings in large-cap leading stocks [7] - The report emphasizes the potential for investment opportunities in high-quality supply chain companies with strong cost control and technological differentiation [1][7]