Chemical Industry ETF Tianhong (159133) saw net purchases of nearly 40 million shares yesterday, ranking first among similar products in the Shenzhen market. Institutions say the industry is entering a strategic window period.

Yesterday (March 16), the market bottomed out and rebounded, with the Shenzhen Component Index closing in the green and the ChiNext Index rising over 1%. By the close, the Shanghai Composite fell 0.26%, the Shenzhen Component rose 0.19%, and the ChiNext Index increased 1.41%.

The CSI Sub-division Chemical Industry Theme Index dropped 3.42%. Among its constituent stocks, Sankei Tree rose over 2%, Zangge Mining increased over 1%, Xinzhu Bang declined 0.25%, Tongcheng New Materials fell 0.33%, and Kaisa Biological decreased 0.34%.

Regarding related ETFs, Wind data shows that the Tianhong Chemical ETF (159133) had a trading volume of 87.16 million yuan as of yesterday’s close; net subscriptions reached 37 million units, ranking first among the same target in the Shenzhen market.

In terms of capital flows, Wind data indicates that by last Friday, this ETF had a net inflow of over 860 million yuan over the past 20 trading days. The latest circulating shares are 2.798 billion units, with a circulating scale of 3.607 billion yuan.

The Tianhong Chemical ETF (159133) tracks the CSI Sub-division Chemical Industry Theme Index, which comprehensively covers various sub-sectors within the chemical industry, including phosphate chemicals, fluorochemicals, phosphate fertilizers, and potash fertilizers, among industry leaders. The Tianhong Chemical ETF (159133) and the linked fund (Class C 015897) enable investors to easily share the overall opportunities in the chemical sector.

Tianfeng Securities pointed out that the chemical industry is entering a strategic window period, driven by industry restructuring, value revaluation, and supply-demand reversal. Regarding industry restructuring, high-cost marginal capacities overseas are exiting, promoting the reconstruction of the global chemical order. In terms of value revaluation, the reshaping of supply-demand patterns and industry attribute upgrades are jointly leading to revaluation of traditional chemical companies, resource values, and product attributes. As for supply-demand reversal, the policy and capital expenditure inflection point has emerged by 2025. Specifically, in the agrochemical sector, pesticide sub-industries are a key focus. Additionally, due to escalating geopolitical conflicts in the Middle East, international crude oil prices have surged rapidly, driving up costs and prices of many chemicals such as phthalic anhydride and acrylic acid. The phthalic anhydride market increased by over 2,000 yuan within the week, indicating an upward trend in the market.