Xin Lang Cai Jing·2026-01-23 11:52Group 1 - The chemical sector continues to show strong performance, with the chemical ETF (516020) experiencing a price increase of 1.03% and reaching a new high since July 2022 [1][8] - Key stocks in the sector, such as Dongfang Shenghong and Chuanfa Longmang, saw significant gains, with increases exceeding 6% [1][8] - The chemical ETF has attracted substantial investment, with net subscriptions of nearly 1.2 billion yuan over the last five trading days and over 1.45 billion yuan in the last ten days [10] Group 2 - Since the beginning of 2025, the chemical ETF's underlying index has achieved a cumulative increase of 58.91%, outperforming major A-share indices like the Shanghai Composite Index (23.4%) and the CSI 300 Index (19.51%) [3][10] - The chemical industry is currently at the bottom of a four-year down cycle, with indicators suggesting a potential turnaround in 2026 [12] - The China Chemical Product Price Index (CCPI) reported a significant decline of 39% from its peak in 2021, indicating that the industry is at historical low levels [12]