Chemical Industry ETF(159870)up over 3%, the peak season in 2026 is expected to generate excess profits in the VC/EC segment

On the news front, the VC/EC segment in the 2026 peak season is expected to achieve excess profits, with institutions suggesting attention to undervalued elastic targets:

1. VC (Vinyl Carbonate)

The supply and demand for the whole year is tightly balanced, with institutions estimating the VC demand for 2026 to be about 110,000 tons, while effective supply is around 111,000 tons. Based on the spot price, the current net profit per ton of VC is approximately 64,000 yuan.

2. EC (Ethylene Carbonate)

The EC industry’s supply structure is concentrated, with the combined market share of two leading companies exceeding 70%. At the current price, institutions estimate the net profit per ton of EC to be about 700 yuan.

In terms of brokerage research, Zhongyou Securities pointed out that the “14th Five-Year” plan presents clear requirements for the green transformation of the chemical industry. Driven by policy, the industry will accelerate the elimination of backward production capacity, benefiting leading companies with scale and technological advantages; Changjiang Securities focuses on sub-sectors such as polycarbonate and believes that the improvement of the supply-demand structure may drive the recovery of industry prosperity. Both institutions confirm the structural opportunities in the chemical industry from the perspectives of policy and fundamentals, resonating with the high-energy consumption transformation and sub-sector upgrade logic covered by the target product (Chemical ETF).

As of the deadline: March 27, 13:17, the chemical sub-index (000813.CSI) rose by 3.00%; major component stocks generally rose, with Salt Lake Co. up 8.49%, International Potash up 8.14%, Tianci Materials up 4.07%, Zangge Mining up 4.09%, and Wanhua Chemical up 1.54%; Chemical ETF (159870.SZ) rose by 2.90%.

Data shows that the top ten weighted stocks in the chemical sub-index (000813.CSI) are Wanhua Chemical, Salt Lake Co., Baofeng Energy, Tianci Materials, Zangge Mining, Hualu Hengsheng, Juhua Co., Satellite Chemical, Hengli Petrochemical, and Yuntianhua, totaling a share of 46.40%.

The Chemical ETF closely tracks the chemical sub-index. The CSI sub-industry thematic index series consists of seven indices, including sub-colored metals and sub-machinery, selecting larger, more liquid listed company securities from related sub-industries as index samples to reflect the overall performance of listed company securities in related sub-industries.

Related products:

Chemical ETF (159870), connecting funds (Class A 014942, Class C 014943, Class I 022792), ChiNext New Energy ETF Penghua (159261)