Overseas chemical production capacity accelerates its exit, highlighting China’s chemical industry advantages. E Fund’s low-fee rate ETF is worth paying attention to.

Today’s stock market closed, with the China Securities Petrochemical Industry Index and the China Securities Rare Earth Industry Index both showing an upward trend. Among them, the China Securities Petrochemical Industry Index rose by 3.3%, while the China Securities Rare Earth Industry Index increased by 2.2%. In the chemical industry ETF sector, E Fund’s Chemical Industry ETF (516570, feeder fund A/C: 020104/020105) stood out with a management fee rate of 0.15% per year, becoming the lowest-fee tier among similar products.

In recent times, international energy markets have been fluctuating continuously, and energy prices in Europe, Japan, and other places have surged significantly. This trend directly pushes up local chemical production costs, putting some overseas chemical enterprises under enormous operating pressure. Against this backdrop, the pace at which overseas chemical production capacity exits is expected to accelerate, bringing new changes to the global chemical industry landscape.