Chemical Industry ETF E Fund (516570) Attracts Over 700 Million in Net Inflows in the Past 20 Days

As of 13:05, the CSI Petrochemical Industry Index (H11057) rose 0.71%. Among the heavyweight constituents, Wanhua Chemical rose 3.9%, PetroChina fell 2.5%, Salt Lake Co., Ltd. fell 0.7%, Sinopec fell 0.8%, and CNOOC fell 3.8%. In addition, Zhejiang Longsheng rose 5.3%, Hengli Petrochemical rose 5.0%, Rongsheng Petrochemical rose 4.9%, Hengyi Petrochemical rose 4.5%, and Yangnong Chemical rose 4.3%.

The E Fund Chemical Industry ETF (516570) tracks the CSI Petrochemical Industry Index. As of the previous trading day, the E Fund Chemical Industry ETF (516570) has gained 11.84% over the past three months, 28.4% over the past six months, and 43.8% over the past year, demonstrating outstanding past performance.

The E Fund Chemical Industry ETF (516570) is highly favored by capital, attracting over 700 million yuan in the past 20 days, with net inflows exceeding 2.2 billion yuan in the past 60 days. The latest size of the E Fund Chemical Industry ETF (516570) has reached 2.254 billion yuan, ranking first among ETFs tracking the same underlying index.

In terms of liquidity, as of the previous trading day, the fund's average daily turnover over the past month was 157 million yuan, ranking first in its category.

Volatile oil prices in March disrupted the procurement rhythm of the downstream chemical industry. With the arrival of the "Golden March, Silver April" peak season, it is expected that downstream inventories will be significantly depleted by the end of March, at which point the chemical industry is expected to see a recovery.

Kaiyuan Securities points out that from a medium-term perspective, the global destocking cycle is nearing its end, and a combination of restocking and demand recovery is anticipated. Impacted by the recent energy crisis, the operating rates of global chemical companies have dropped significantly, but rigid end-user demand has not disappeared. The industry is currently undergoing a large-scale global destocking cycle. Once geopolitical conflicts ease, the global chemical industry will see a definitive restocking trend. Coupled with the anticipated recovery in end-user demand, the profitability of chemical products is expected to improve.