Ge Long Hui·2026-01-28 03:35Group 1 - The chemical sector continues to experience strong growth, with the Tianhong Chemical ETF (159133) index rising by 2.47%, and a cumulative increase of 27.93% since December 17 of last year [1] - The Tianhong Chemical ETF has seen continuous inflows, with a net subscription for 20 consecutive days, totaling 1.07 billion yuan, and a net subscription of 121 million shares today, aiming for a "21-day capital absorption" [1] - Factors driving the inflow into the chemical ETF include supply contraction, demand recovery, and the implementation of "anti-involution" policies [1] Group 2 - Supply-side contraction is evident as global chemical production capacity is being reduced, with multiple ethylene cracking units being shut down in Europe and major reductions announced by South Korean companies [1] - Demand recovery is driven by surging needs in emerging sectors such as new energy, electronic information, aerospace, and biomedicine, particularly for chemical materials like lithium battery materials and electronic-grade polyphenylene ether [1] - The Ministry of Industry and Information Technology has introduced a "Stabilizing Growth Work Plan for the Petrochemical Industry," which aims to strictly control new production capacity and eliminate outdated capacity, thereby optimizing corporate strategies and enhancing profitability [1] Group 3 - Currently, 1,201 listed companies in A-shares have disclosed their performance forecasts for 2025, with noticeable performance recovery in sectors such as non-ferrous metals, chemicals, and semiconductors [1] - According to Baocheng Futures, the current growth in the chemical sector is not merely a result of short-term speculative capital but is supported by four core factors: stabilization of costs, optimization of supply, recovery of demand, and policy empowerment [1]