“反内卷”优化供给，有机硅、PTA等子行业迎修复机遇，聚焦石化ETF（159731）配置价值

Group 1 - The core viewpoint of the article highlights the performance of the Petrochemical ETF (159731), which has seen a decline of 0.52% as of January 16, with notable gains from stocks like Bluestar Technology, Tongcheng New Materials, and Jinfat Technology [1] - The Petrochemical ETF has experienced net inflows for 8 out of the last 10 trading days, totaling 176 million yuan, with its latest share count reaching 449 million and a total scale of 431 million yuan, both marking new highs since its inception [1] - According to Industrial Securities, the "anti-involution" trend is optimizing supply order, and certain sub-industries are expected to recover, particularly in organic silicon, PTA, polyester filament, caprolactam, spandex, soda ash, PVC, glyphosate, and urea [1] Group 2 - Several sub-industries within the chemical sector, such as organic silicon, PTA, and caprolactam, are gradually initiating industry self-discipline to seek profit recovery, with expectations for improved performance following price control and production reduction measures [1] - Other sub-industries experiencing price and margin fluctuations at the bottom are also anticipated to see profit improvements driven by potential industry self-discipline and supply-demand recovery [1] - The Petrochemical ETF and its linked funds closely track the CSI Petrochemical Industry Index, with the basic chemical industry accounting for 59.23% and the oil and petrochemical industry for 32.60%, indicating a potential upward trend in industry prosperity due to the "anti-involution" catalyst [1]