Chemical ETF Daily Average Trading Volume 2.115 Billion, Chemical Product Price Increases Gradually Solidifying as Golden Third Quarter Peak Season Approaches

How does the AI·Organosilicon Emission Reduction Conference promote upward price movement?

In terms of news, the peak season for the “Golden Three” (power, coal, and oil) is approaching, and the trend of chemical prices gradually establishing an upward trajectory. Institutions point out that recent research and industry exchanges have identified the following products with price increase trends:

1. Refrigerants: The peak season for refrigerants usually begins in March. Recently, prices for all grades have been raised. Although refrigerant prices have already broken away from demand cycles and continue to rise, during peak season, the price increase pace is faster, and stock price catalysts are strongest. Additionally, based on current annualized refrigerant prices, valuations of refrigerant companies are generally below 15x, offering high cost-effectiveness.

2. Polyester Filament: Before this round of oil price fluctuations, joint production cuts were successfully implemented, and the industry chain transmitted prices smoothly. Profitability of filament companies has improved significantly. Although short-term stock prices fluctuate with oil prices, from a long-term perspective, under the dual internal competition effects of PTA and polyester filament, the sector’s elasticity is expected to continue rising.

3. Organosilicon: A new round of internal competition reduction meeting was held in Ningbo on February 28. The latest decision is to intensify emission reduction efforts: from March to May 2026, the industry’s overall emission reduction ratio will be increased from the previous 30% (December 2025 to February 2026) to 35%. The likely consequence of emission reduction is upward price movement. Recently, prices have continued to rise, with a major manufacturer’s quotes increasing by 1,500 yuan since March. Based on our industry surveys, companies are generally optimistic about this year’s profit recovery in organosilicon, and during peak season, the price per ton could potentially double from current levels.

As of 09:31 on March 18, 2026, the CSI Sub-Industry Chemical Index (000813) component stocks showed mixed performance, with Hangjin Technology leading at +1.46%, Tongcheng New Materials up 0.60%, Zhejiang Longsheng up 0.56%; Guangwei Composites led the decline. The latest quote for the Chemical ETF (159870) is 0.9 yuan.

In terms of liquidity, the chemical ETF had a turnover rate of 0.16% during intraday trading, with a transaction volume of 49.36 million yuan. Looking at a longer timeframe, as of March 17, the average daily trading volume of the chemical ETF over the past week was 2.115 billion yuan.

The chemical ETF closely tracks the CSI Sub-Industry Chemical Index, which is composed of seven sub-indices including non-ferrous metals and machinery. These indices select large-cap, highly liquid listed companies within relevant sub-industries as samples to reflect the overall performance of listed companies in those sectors.

Data shows that as of February 27, 2026, the top ten holdings of the CSI Sub-Industry Chemical Index (000813) are Wanhua Chemical, Salt Lake Shares, Zangge Mining, Tinci Materials, Hualu Hengsheng, Yuntianhua, Juhua Shares, Hengli Petrochemical, Baofeng Energy, and Rongsheng Petrochemical, collectively accounting for 45.18% of the index.

The chemical ETF (159870) has off-market connections (A: 014942; C: 014943; I: 022792).