Core Viewpoint - The basic chemical industry is experiencing stable demand with global supply dominance, focusing on sub-industries such as sucralose, pesticides, MDI, and amino acids [1] Group 1: Industry Trends - Domestic demand is expected to offset tariff impacts in fields like refrigerants, fertilizers, civil explosives, and dyes [1] - The market for hydrofluoric acid has shown a significant upward trend, with a tight supply-demand balance and manufacturers exhibiting a reluctance to sell, leading to strong bullish sentiment [1] - The price of hydrogen peroxide has risen sharply due to concentrated shutdowns in northern regions, resulting in a sudden drop in supply expectations, coupled with recovering demand, pushing prices to annual highs [1] Group 2: Policy and Market Structure - Seven departments jointly released the "Work Plan for Stable Growth in the Petrochemical and Chemical Industry (2025-2026)" aimed at promoting stable operation and structural optimization of the industry [1] - The chemical leader ETF (516220) tracks a sub-sector chemical index (000813), which selects listed companies involved in fertilizers, pesticides, and coatings to reflect the overall performance and trends of related listed companies in the Chinese chemical industry [1]