International Energy Agency: Member States' Emergency Oil Reserves to Be Released Soon! Chemical ETF Tianhong (159133) Sees Continuous 48-Day Net Inflows Exceeding 2.7 Billion Yuan, Institutions: Multiple Factors Form Industry Upward Logic

On March 17, the three major indices all rose. The CSI Sub-Industry Chemical Industry Index (000813.CSI) increased by 0.18%. Among its components, Zhongjian Technology, Zangge Mining, and Wanhua Chemical rose over 2%, Chuanfa Longmang and Ruifeng New Materials increased nearly 2%, and Boyuan Chemical and Xinyangfeng, among others, rose over 1%.

Regarding related ETFs, Chemical ETF Tianhong (159133) had a trading volume of 4.92 million yuan at the time of writing, with an over-issuance rate of 0.14%. In terms of capital flow, the ETF had a net inflow of 46.33 million yuan on the previous trading day (March 16). It has experienced net capital inflows for 48 consecutive trading days, with a total net inflow of 2.795 billion yuan. The latest circulating shares are 2.835 billion, with a circulating scale of 3.53 billion yuan.

Chemical ETF Tianhong (159133) tracks the CSI Sub-Industry Chemical Industry Index, which comprehensively covers various chemical sub-sectors, including phosphate chemicals, fluorochemicals, phosphate fertilizers, and potash fertilizers, featuring industry leaders. Chemical ETF Tianhong (159133) and the linked fund (Class C 015897) can easily share the overall opportunities in the chemical sector.

In news, according to CCTV News and the International Energy Agency, on March 15 local time, member countries will soon release emergency oil reserves to the market to ease the current international oil supply tightness. It is reported that member countries have submitted specific implementation plans to the IEA. According to arrangements, Asian and Oceanian countries will be the first to release reserves, while oil inventories in the Americas and Europe will be gradually released from the end of March.

BOC Securities pointed out that the cyclical rotation of commodities is an inevitable trend, supported by rising crude oil prices and the continuous improvement of industry supply and demand patterns, forming the core logic for the upward trend of the A-share chemical industry. In the medium term, the logic of commodity rotation from industrial products to energy chemicals to agricultural products is being demonstrated and strengthened, with domestic demand peak seasons supporting prices; in the long term, policies to “counter internal competition” improve supply and demand patterns, leading to increased market share for leading companies and profit recovery. The cyclical resource sector is expected to gradually expand from non-ferrous metals to the chemical sector within the year.