化工龙头ETF（516220）盘中涨超1%，行业供需格局引关注

Core Viewpoint - The anti-involution policy is expected to reassess the Chinese chemical industry, leading to a significant slowdown in global chemical capacity expansion [1] Group 1: Industry Outlook - The Chinese chemical industry has abundant net operating cash flow, and the slowdown in capacity expansion will significantly enhance potential dividend yields, shifting the industry from a capital consumption model to a profit return model [1] - Supply-side optimization is anticipated to drive a rebound in industry prosperity, with chemical stocks exhibiting high elasticity and high dividend advantages [1] - Key areas of focus include petrochemicals, coal chemicals, organic silicon, phosphate chemicals, and glyphosate [1] Group 2: Opportunities and Trends - The industry presents four major opportunities: low-cost expansion, improvement in prosperity, breakthroughs in new materials, and high-dividend stocks [1] - The chromium salt industry is experiencing a value reassessment due to increased power demand from AI data centers and commercial aircraft engine demand, with a projected supply-demand gap of 340,900 tons by 2028, representing a 32% gap ratio [1] Group 3: Investment Index - The chemical leader ETF (516220) tracks the sub-sector chemical index (000813), which selects listed companies focused on the manufacturing of fertilizers, pesticides, and plastic products to reflect the overall performance of related listed companies in the chemical industry [1] - This index features cyclical and growth characteristics, concentrating on investment opportunities within the chemical sub-sectors [1]