Xin Lang Cai Jing·2026-01-26 03:19Group 1 - The chemical sector continues to strengthen, with the chemical ETF (516020) experiencing a maximum intraday increase of 1.32% and closing up 0.91% [1][7] - Key stocks in the sector include Yuntianhua and Salt Lake Co., both rising over 4%, while Wanhuacheng, Dongfang Shenghong, and Cangge Mining saw increases of over 3% [1][7] - Recent data indicates that the chemical ETF has attracted over 1.1 billion yuan in net subscriptions over the past five trading days and more than 2.4 billion yuan over the last twenty days [9] Group 2 - The chemical industry is currently at the bottom of a four-year down cycle, with indicators suggesting it has nearly bottomed out, and 2026 is expected to be a turning point for the cycle [3][9] - The China Chemical Product Price Index (CCPI) reported 3930 points on December 31, 2025, a 39% decline from the 2021 peak, indicating the industry is in a historical low range [3][9] - The basic chemical sector achieved a net profit of 112.7 billion yuan in the first three quarters of 2025, reflecting a year-on-year increase of 7.5%, indicating initial stabilization [3][9] Group 3 - In the context of improving fundamentals, the allocation ratio for the chemical sector has shown signs of recovery in Q4, with the expansion cycle nearing its end and profitability still at the bottom of the cycle [3][9] - The chemical ETF (516020) tracks the CSI sub-sector chemical industry theme index, covering popular themes such as AI computing power, anti-involution, robotics, and new energy [3][10] - Investors can also consider the chemical ETF linked funds (Class A 012537/Class C 012538) for exposure to the chemical sector [10]