化工板块景气度有望回升，关注新材料50ETF（159761）、化工龙头ETF（516220）

Core Viewpoint - The chemical sector is expected to experience a recovery in its business cycle, with current chemical prices at historical lows and a decline in the growth rate of ongoing projects [3] Group 1: Industry Overview - The chemical industry is currently at the bottom of its cycle, with chemical prices at historical lows and a negative year-on-year growth rate in ongoing projects [3] - The implementation of anti-competition policies in specific segments such as PTA, polyester filament, and organic silicon is optimizing the supply structure through self-discipline and policy constraints [3] - The exit of outdated production capacity is accelerating, particularly in high-cost sectors like large-scale refining, spandex, and chlor-alkali [3] Group 2: Demand Drivers - The recovery in downstream industries such as automotive, textiles, and home appliances, driven by policy support, is expected to boost demand for chemical products [3] - Emerging industries like semiconductors and energy storage are significantly increasing the demand for new chemical materials [3] - Key raw materials for the semiconductor industry, including photoresists, electronic specialty gases, and polishing materials, are seeing accelerated domestic substitution [3] - Breakthroughs in solid-state battery technology are increasing the demand for new chemical materials like specialty carbon black [3] - The development of the photovoltaic and wind power industries is driving the recovery in demand for chemical products such as silicon materials, photovoltaic adhesive films (EVA/POE), and carbon fiber [3] Group 3: Investment Opportunities - Investors interested in the chemical sector may consider focusing on the New Materials 50 ETF (159761) and the Chemical Leader ETF (516220) as potential investment opportunities [3]