The chemical sector continues to rise. Institutions point out that the recent core changes in the VC and lithium battery industries mainly include two points: first, performance verification, as Fushine announced its Q1 2026 performance forecast, which is the first Q1 performance forecast in the industry. Combining the median net profit and VC shipment volume estimates, the profit per ton of VC is estimated to be 40,000 to 50,000 yuan, confirming a high degree of performance realization in the industry. Second, changes on the supply side, as Suzhou Huayi and Huaseng Lithium Battery will recently carry out large-scale routine production halts for maintenance, due to the need for regular maintenance of pressure vessels and other equipment to maintain normal operation. This maintenance is different from previous production halts caused by failures in exhaust emission devices. This production halt will affect capacity by about 20,000 to 25,000 tons, accounting for approximately 25% of the industry's demand in the first half of 2026, which will exert upward pressure on VC prices. On the demand side, the production scheduling situation in the industry for April and May 2026 is optimistic. Under the support of the supply-demand pattern, this supply contraction will have a bottoming effect on VC prices, and it is even possible that VC prices will further increase.
As of March 26, 2026, at 10:11, the CSI Subdivision Chemical Industry Theme Index (000813) rose strongly by 1.45%. Component stocks such as Dongyue Group rose by 5.98%, Enjie Co., Ltd. rose by 5.63%, Tianci Materials rose by 5.11%, and stocks like Xinzhoubang and Huafeng Chemical also followed suit. The Chemical ETF (159870) rose by 1.63%, achieving three consecutive increases. The latest price is reported at 0.87 yuan.
The Chemical ETF closely tracks the CSI Subdivision Chemical Industry Theme Index. The CSI Subdivision Industry Theme Index series consists of seven indices, including subdivision non-ferrous and subdivision machinery, which select larger and more liquid listed company securities from related subdivision industries as index samples to reflect the overall performance of listed company securities in the relevant subdivision industries.
Data shows that as of February 27, 2026, the top ten weighted stocks in the CSI Subdivision Chemical Industry Theme Index (000813) are Wanhua Chemical, Salt Lake Industry, Zangge Mining, Tianci Materials, Hualu Hengsheng, Yuntianhua, Juhua Co., Ltd., Hengli Petrochemical, Baofeng Energy, and Rongsheng Petrochemical, with the top ten weighted stocks accounting for a total of 45.18%.
Chemical ETF (159870), off-market connection (A: 014942; C: 014943; I: 022792)

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The chemical sector continues to rise, with two major core changes in the VC and lithium battery industries recently: first, Fushine announced its Q1 2026 performance forecast, indicating a profit of 40,000 to 50,000 yuan per ton for VC, with a high degree of performance realization; second, Suzhou Huayi and Huasheng Lithium Battery will undergo large-scale production halts for maintenance, affecting capacity by approximately 20,000 to 25,000 tons, which is expected to exert upward pressure on VC prices. The chemical ETF rose by 2%, and the CSI Subdivision Chemical Industry Theme Index surged by 1.45%

腾讯新闻 - 财经

Fushine

Guotai CSI Subdivision Chemical Industry Theme ETF

Tianhong CSI Chemicals Sub-industry ETF

Hwabao WP CSI Subdivision Chemical Industry Theme ETF

Fullgoal CSI Subdivision Chemical Industry Theme ETF

Penghua CSI Subdivision Chemical Industry Theme ETF

Lithium battery materials lead the rise, driving chemical ETFs up by 2%. There are two key recent changes in the VC and lithium battery industry