Sou Hu Cai Jing·2026-01-20 06:32Group 1 - The chemical sector experienced a significant afternoon rally on January 20, with the Chemical ETF (516020) reaching an intraday high of 1.7% before closing up 0.85% [1] - Key stocks in the sector included Sanhe Tree, which surged over 9%, and Luxi Chemical, which rose over 8%, along with several others like Satellite Chemical and Hengli Petrochemical, which increased by more than 4% [1] - The Ministry of Industry and Information Technology, along with four other departments, issued guidelines on January 19 to promote the construction of zero-carbon factories, aiming to extend this initiative to the petrochemical and chemical industries [1] Group 2 - Tianfeng Securities noted that by 2025, a turning point in policy and capital expenditure is expected, with the "anti-involution" concept providing a positive outlook for industry profitability and healthier long-term development [3] - The restructuring of supply and demand dynamics, along with the upgrading of industry attributes, is prompting a reevaluation of traditional chemical companies' values [3] - Huaxin Securities indicated that the overall performance of the chemical industry remains weak, with mixed results across sub-sectors, influenced by past capacity expansions and weak demand, although some sectors like lubricants have outperformed expectations [3] 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 Co., allowing investors to capitalize on strong investment opportunities [4] - The remaining 50% of the ETF's holdings are diversified across leading stocks in sub-sectors like phosphate fertilizers, fluorine chemicals, and nitrogen fertilizers, providing comprehensive exposure to the chemical sector [4]