Recently, the capital side of the chemical sector is very bright.
Wind data show that as of May 10, Chemical ETF (516020) has received a net purchase of funds for 13 consecutive trading days, with a total amount of more than 81 million yuan. Among the nearly 20 trading days, Chemical ETF (516020) received net purchase funds in 16 trading days, with a total of more than 84 million yuan on the 20th.
In the secondary market, data show that the sub-chemical index rose 3% last week.Chipswsop.79%, outperforming the Shanghai Composite Index (1.6%) and the Shanghai and Shenzhen 300 Index (1.72%) in the same period. From the lengthening time dimension, since the start of the current round on February 6, by the close of the last trading day (May 10), the subdivided chemical index has risen as much as 27.74%, significantly outperforming the Shanghai Composite Index (16.74%) and the Shanghai and Shenzhen 300 Index (14.56%) in the same period.
The performance of the chemical sector has been so outstanding since this round of market or partly benefited from the improvement of the profitability of the chemical industry. China's chemical price index stood at 4712 points as of May 11, up about 1.66 per cent from the beginning of 2024, according to Wind. Everbright Securities said that the overall profitability of the basic chemical industry has been improved thanks to the rise in chemical product prices and the effective transmission of resource prices in the upper reaches of the chemical industry chain to the middle and lower reaches of the chemical industry chain.
It is worth noting that the main funds and foreign capital continue to pour into the chemical sector. In terms of main funds, Wind data show that as of the last trading day, the basic chemical sector received a net inflow of 11.661 billion yuan in nearly 5 days, ranking first in the industry (CITIC I).
In terms of northbound funds, as of last Friday, the basic chemical sector had received a net purchase of 1.38 billion yuan in the past week, ranking fourth among the 30 Citic first-tier industries.
With regard to the recent performance and future outlook of the chemical sector, Dongguan Securities said that the recent rebound in the basic chemical sector is due, on the one hand, to the improvement in the quarterly performance of some subdivided areas, and on the other hand, to the marginal rise in the supply and demand pattern of some varieties in the industry, it is recommended to pay attention to refrigerants, tires, polyester filaments, polyurethane, maltol and other areas.
How to grasp the opportunity of chemical plate rebound? Through the chemical industry ETF (516020) layout efficiency or higher. According to the public data, Chemical ETF (516020) tracks the subject index of CSI subdivision of chemical industry, covering all subdivision areas of chemical industry. Among them, nearly 50% of the positions are concentrated in large market capitalization leading stocks, including Wanhua Chemical, Salt Lake shares, Enjie shares, Hualu Hengsheng, Tianji Materials, Rongsheng Petrochemical, etc., sharing Hengqiang investment opportunities of the strong; the remaining 50% positions take into account the layout of phosphate fertilizer and phosphate chemical industry, fluorine chemical industry, nitrogen fertilizer, coal chemical industry, titanium dioxide and other sub-sectors leading stocks, fully grasp the chemical sector investment opportunities.
Pictures and data sources: Shanghai and Shenzhen Stock Exchange, Warburg Fund, Snowball, Wind, etc., as of May 10, 2024. Risk hint: chemical ETF passively tracks the sub-theme index of the chemical industry in CSI, the base date of the index is 2004.12.31, the release date is 2012.4.11, and the composition of the index stocks is timely adjusted according to the compilation rules of the index. According to Wind data, the yield of the last five complete years of the subdivided chemical index is 2019: 25.1%; 2020: 51.68%; 2021: 15.72%; 2022:-26.89%; 2023:-23.17%. The composition of the underlying index stocks is timely adjusted according to the rules of the index, and its historical performance does not predict the future performance of the index. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R3-medium risk, which is suitable for investors with appropriateness rating C3 (balanced type) or above. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. The investment of the fund is risky, and the past performance of the fund does not represent its future performance.ChipswsopThe performance of his fund does not constitute a guarantee of the performance of the fund, so the fund should be cautious in its investment.
