建材ETF（159745）上一交易日资金净流入超1亿元，“双碳”政策继续优化供给

Group 1 - The construction materials ETF (159745) saw a net inflow of over 1 billion yuan in the last trading day, indicating a positive market sentiment towards the sector as the "dual carbon" policy continues to optimize supply [1] - The cement industry is strictly implementing production based on approved capacity, with over 280 clinker production lines expected to be replaced by the end of 2025, resulting in an annual capacity reduction of 150 million tons [1] - From January 1, 2026, major enterprises will fully execute production based on approved capacity, alongside regular staggered production, which is expected to curb regional competition [1] Group 2 - A decline in cement production and overall low price fluctuations are anticipated due to a downturn in real estate and a slowdown in infrastructure growth by 2025, although the widening price gap between cement and coal is expected to improve profitability [1] - Significant infrastructure projects and urban renewal are expected to support demand in 2026, with the "dual carbon" policy continuing to optimize supply [1] - Profitability is expected to improve, but the situation needs continuous observation due to anticipated low price fluctuations and rising coal cost pressures in 2026 [1] Group 3 - The construction materials ETF (159745) tracks the construction materials index (931009), which primarily covers publicly listed companies in the building materials industry, including sectors such as cement, glass, and ceramics [1]