化工ETF天弘(159133)标的指数放量长阳涨超3%，中金预计化工行业周期拐点有望到来

Core Viewpoint - The A-share market experienced a strong rally, particularly in the rare metals and chemical sectors, driven by significant gains in key stocks and a notable increase in carbonated lithium prices [1] Group 1: Market Performance - The A-share market saw a robust increase, with rare metals and chemical sectors showing strength [1] - Key stocks such as Yanhai Co. and Tianci Materials rose over 7%, while Wanhua Chemical and Duofuduo increased by 6% [1] - The Tianhong Chemical ETF (159133) saw its index rise by 3.18% due to increased trading volume and net subscriptions [1] Group 2: Commodity Prices - The main contract for carbonated lithium surged by 8% to 109,040 yuan, marking the second consecutive trading day above 100,000 yuan per ton [1] - Carbonated lithium futures have increased over 70% from their low point earlier in the year, indicating a significant recovery in market expectations for demand [1] Group 3: Industry Outlook - The release of battery sales data for November has significantly altered market expectations for carbonated lithium demand [1] - The Producer Price Index (PPI) improvement, along with the push against internal competition, is expected to enhance the fundamentals of the chemical industry [1] - According to China International Capital Corporation (CICC), the petrochemical and chemical industry has been in a down cycle for approximately 3.5 years, with industry capacity entering a low growth phase [1] - The self-discipline approach to reduce internal competition is accelerating the recovery of profitability for related products [1] - With favorable supply-side factors accumulating and rapid growth in demand from new energy sectors, a turning point in the chemical industry cycle is anticipated [1]