Chemical Industry Shifts from Capacity Expansion to Stock Optimization,Penghua CSI Subdivision Chemical Industry Theme ETF(159870) Rises 1.87%, Aiming for Third Consecutive Gain

NewTimeSpace News–As of 10:43 on January 15, 2026, Chemical ETF (159870) rose 1.87%, aiming for its third consecutive gain, with the latest price at RMB 0.87. Looking at a longer timeframe, as of January 14, 2026, the ETF has accumulated a 3.88% gain over the past two weeks, ranking 2nd among 6 comparable funds. (The stocks listed above are index constituents only and do not constitute specific investment recommendations.)

In terms of liquidity, Chemical ETF recorded an intraday turnover ratio of 2.56% with trading volume of RMB 558 million. Over a broader period, as of January 14, the ETF's average daily trading volume over the past week reached RMB 1.173 billion, ranking 1st among comparable funds.

Regarding scale, Chemical ETF's latest assets under management reached RMB 21.296 billion, marking a new high for the past year and ranking 1st among 6 comparable funds. (Data source: Wind)

In terms of shares, Chemical ETF's latest share count reached 24.946 billion units, a new high for the past month and ranking 1st among 6 comparable funds. (Data source: Wind)

From a fund flow perspective, Chemical ETF has received continuous net capital inflows for 10 consecutive days, with a peak single-day net inflow of RMB 704 million, totaling RMB 4.011 billion in "capital attraction" with an average daily net inflow of RMB 401 million. (Data source: Wind)

Data shows leveraged funds continue to build positions. Chemical ETF's latest margin purchase reached RMB 86.3201 million, with the latest financing balance at RMB 412 million. (Data source: Wind)

As of January 14, Chemical ETF's NAV has increased 51.93% over the past two years. In terms of return capability, as of January 14, 2026, since its inception, the ETF's highest monthly return reached 21.63%, the longest consecutive gain period lasted 8 months with a total gain of 49.05%, and the average return during positive months was 6.19%. As of January 14, 2026, the ETF's annualized excess return over benchmark since inception is 3.39%.

As of January 9, 2026, Chemical ETF's Sharpe ratio over the past year stands at 2.18.

Regarding drawdown, as of January 14, 2026, Chemical ETF's maximum year-to-date drawdown was 2.08%, with a relative benchmark drawdown of 0.03%.

In terms of fees, Chemical ETF's management fee rate is 0.50% and custody fee rate is 0.10%, placing it at a relatively low level among comparable funds.

In tracking accuracy, as of January 14, 2026, Chemical ETF's 3-month tracking error was 0.014%, representing the highest tracking precision among comparable funds.

Chemical ETF closely tracks the CSI Subdivision Chemical Industry Theme Index. The CSI Subdivision Industry Theme Index Series consists of 7 indices including subdivision non-ferrous metals and subdivision machinery, selecting listed securities with larger scale and better liquidity from relevant subdivisions as index constituents to reflect the overall performance of listed companies in relevant subdivisions.

Tianfeng Securities stated that the chemical industry has entered a historical bottom area. Under the guidance of "anti-involution" policies, the weight of supply-side adjustments has increased, and the industry is shifting from capacity expansion to stock optimization. Sub-sectors such as coal chemical industry, organic silicon, spandex, and pesticides are expected to率先achieve supply-demand reversal. Combined with technological upgrades and high value-added product layouts, leading companies' profit recovery can be expected. Additionally, sub-sectors with resource attributes or technical barriers such as phosphorus chemical industry, refrigerants, and PVDF present value revaluation opportunities.

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