化工龙头ETF（516220）涨超2.6%，连续5日资金净流入，行业供需格局变化引关注

Group 1 - The core viewpoint is that the rapid growth in the supply of spandex is intensifying competition, leading to expectations of the exit of underperforming capacities, with some capacity expected to be eliminated [1] - The current phase of industry capacity expansion is nearing its end, with future new capacities concentrated in leading enterprises, optimizing the supply structure towards competitive advantages [1] - Downstream demand is expected to gradually recover, with spandex consumption growth rate anticipated to increase year-on-year by 2026, supported by a phase of easing trade relations between China and the U.S. and a new round of inventory replenishment in the domestic and international textile and apparel sectors [1] - Product prices and corporate profitability are expected to achieve year-on-year recovery [1] Group 2 - The chemical leader ETF (516220) tracks a specific chemical index (000813), which selects listed companies from the Shanghai and Shenzhen markets involved in chemical raw materials, fertilizers and pesticides, coatings, inks, and pigments to reflect the overall performance of related listed companies in specific sub-sectors of the chemical industry [1]