强势护盘！化工ETF天弘(159133)连续两日获资金净流入，机构研判2026年化工行业或迎周期拐点向上

Core Viewpoint - The Tianhong Chemical ETF (159133) has seen significant trading activity and growth, with a recent turnover of 3.18% and a total transaction volume of 17.71 million yuan, reflecting strong investor interest in the chemical sector [1] Group 1: ETF Performance - As of November 27, the Tianhong Chemical ETF reached a new high with a total size of 552 million yuan and 559 million shares outstanding [1] - The ETF has experienced a net inflow of 9.31 million yuan over the past two days, indicating positive market sentiment [1] Group 2: Index and Sector Focus - The Tianhong Chemical ETF tracks the CSI Sub-Industry Chemical Theme Index, which focuses on various sub-sectors within the Chinese chemical industry, including chemical raw materials and manufacturing [1] - The index aims to capture companies with growth potential and innovation capabilities, reflecting the structural characteristics and style allocation of the chemical industry [1] Group 3: Policy and Market Trends - The Tianjin municipal government's 14th Five-Year Plan emphasizes the development of advanced manufacturing, including a focus on high-end, intelligent, and green manufacturing, which is expected to enhance the competitiveness of industries such as petrochemicals and automotive [2] - The plan also highlights the need for forward-looking layouts in low-dimensional materials and other future industries, providing direction for technological innovation and high-end development in the chemical sector [2] Group 4: Institutional Insights - Galaxy Securities suggests that the chemical industry may experience a cyclical upturn by 2026, driven by strong policy expectations and a recovery in supply and demand dynamics [3] - The report identifies several key trends, including a shift towards industry concentration in polyester filament production, potential rebounds in agricultural chemicals, and improvements in the supply-demand balance for organic silicon [3]