化工板块意外回调，是风险还是机遇？化工ETF（516020）跌超1%！机构仍乐观

Group 1 - The chemical sector experienced a pullback on December 29, with the chemical ETF (516020) showing a decline of 1.49% during the day [1] - Key stocks in the sector, including fluorine chemicals, lithium batteries, and potash fertilizers, saw significant declines, with companies like Duofuduo dropping over 8% and Xin Fengming over 5% [1] - Despite today's decline, the chemical sector has performed well this year, benefiting from the "anti-involution" trend, with the chemical ETF's index showing a cumulative increase of 40.35% year-to-date, outperforming major A-share indices [3][4] Group 2 - The current decline in the chemical sector is viewed as a normal correction following a period of continuous growth, with no significant negative news impacting the sector [3] - Analysts from Huazhang Securities noted that the "anti-involution" trend is likely to enhance self-discipline among chemical companies, leading to a rational return of chemical prices and profit levels [5] - Looking ahead, China Galaxy Securities anticipates a negative growth in capital expenditure for the chemical industry in 2024, with supply-side contractions expected to improve the supply-demand balance, potentially marking a cyclical turning point for the industry by 2026 [5][6] Group 3 - Dongxing Securities highlighted that the chemical industry's outlook for 2026 is positive, with expected improvements in supply-demand dynamics and a reduction in cost pressures from raw materials like crude oil and coal [6] - The chemical ETF (516020) is recommended as an efficient way to invest in the sector, covering various sub-sectors and concentrating nearly 50% of its holdings in large-cap leading stocks [6]