Xin Lang Cai Jing·2026-01-12 03:09Group 1 - The chemical sector experienced a significant pullback on January 12, with the Chemical ETF (516020) opening weak and continuing to fluctuate at low levels, closing down by 1.21% [1][8] - Key stocks in the sector, including Hebang Biotechnology, Xingfa Group, and Juhua Co., saw declines of over 3%, contributing to the overall negative performance of the sector [1][8] - Despite today's downturn, the chemical sector has shown strong performance since the beginning of 2025, with the Chemical ETF's index rising by 46.18%, outperforming major indices like the Shanghai Composite Index (22.93%) and the CSI 300 Index (20.94%) [1][3][10] Group 2 - On January 8, the Ministry of Finance and the State Administration of Taxation announced adjustments to export tax rebate policies for photovoltaic and other products, effective April 1, 2026, which will impact several chemical products [4][11] - The removal of export tax rebates is expected to increase export costs for energy-intensive and pollution-heavy chemical products, potentially affecting their competitiveness in the global market [4][11] - Analysts from Dongfang Securities and Guojin Securities suggest that the chemical industry may undergo a revaluation, as the current profitability does not align with the sector's advantages, indicating a potential recovery for leading companies in the industry [4][11] Group 3 - The Chemical ETF (516020) tracks the CSI Sub-Industry Chemical Theme Index, with nearly 50% of its holdings concentrated in large-cap leading stocks, such as Wanhua Chemical and Salt Lake Industry, while the other half includes leading stocks in niche sectors [5][12] - Investors can also access the chemical sector through the Chemical ETF linked funds (Class A 012537/Class C 012538) for more efficient exposure [5][12]