--- title: "The chemical ETF Penghua rose against the market trend, with nearly 500 million net subscriptions during the session. The impact of the attack on Middle Eastern refineries is likely to exceed expectations" type: "News" locale: "en" url: "https://longbridge.com/en/news/282130197.md" description: "The chemical ETF Penghua rose against the market trend, with net subscriptions nearing 500 million shares during the trading session. Due to the attack on Iranian refineries, related petrochemical facilities are expected to be offline longer than anticipated. Institutional analysis suggests that Chinese chemical companies will secure stable raw material supplies, potentially leading to profit growth after the conflict. Prices of various chemical products are expected to double, and the valuation space for related companies is worth looking forward to. The CSI Subdivision Chemical Industry Theme Index rose by 0.47%, with strong performance from constituent stocks" datetime: "2026-04-09T03:39:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282130197.md) - [en](https://longbridge.com/en/news/282130197.md) - [zh-HK](https://longbridge.com/zh-HK/news/282130197.md) --- # The chemical ETF Penghua rose against the market trend, with nearly 500 million net subscriptions during the session. The impact of the attack on Middle Eastern refineries is likely to exceed expectations In terms of news, Iran's refinery has been attacked again, and corresponding petrochemical facilities have also been hit, leading to increased production stoppages, which exceeded expectations. Institutions pointed out that Chinese chemical companies can obtain "sustainable supply, relatively stable expectations" of raw material supply, demonstrating a proactive demand for "profit" after "anti-involution." Companies with stable raw material supply and robust balance sheets are expected to gain more profit increments after this round of conflict. In addition, the prices of varieties such as vitamins, methionine, and strontium metal have doubled in the short term. Institutions believe that under the backdrop of strengthened profitability, the valuation rebound space is worth looking forward to. The prices of products such as VA, VE, TMA/TMP, methionine, p-nitrochlorobenzene (for pesticides), strontium metal, butyl rubber, DEG, propylene glycol, melamine, bromine, vinyl acetate, acetic acid, polyformaldehyde, and polyether are expected to increase significantly, and the sector has retracted considerably, with a new round of space expected to gradually open up. As of April 9, 2026, at 11:20, the China Securities Subdivision Chemical Industry Theme Index (000813) rose by 0.47%. Component stocks such as Hengyi Petrochemical rose by 7.35%, Xingyuan Material rose by 4.28%, Xinzhoubang rose by 3.67%, Lanxiao Technology rose by 3.29%, and Baofeng Energy rose by 3.15%. The Chemical ETF Penghua (159870) rose by 0.44%, achieving a three-day consecutive rise. The latest price reported is 0.9 yuan, with a net subscription of 497 million shares during the session. The Chemical ETF Penghua closely tracks the China Securities Subdivision Chemical Industry Theme Index. The China Securities Subdivision Industry Theme Index series consists of 7 indices, including subdivided non-ferrous and subdivided machinery, selecting larger and more liquid listed company securities from the relevant subdivided industries as index samples to reflect the overall performance of listed company securities in the relevant subdivided industries. Data shows that as of March 31, 2026, the top ten weighted stocks in the China Securities Subdivision Chemical Industry Theme Index (000813) are Wanhua Chemical, Salt Lake Industry, Tianci Materials, Baofeng Energy, Cangge Mining, Hualu Hengsheng, Satellite Chemical, Juhua Co., Ltd., Hengli Petrochemical, and Yuntianhua, with the top ten weighted stocks accounting for a total of 46.51%. Chemical ETF Penghua (159870), off-market connection (A: 014942; C: 014943; I: 022792) ### Related Stocks - [000813.CN](https://longbridge.com/en/quote/000813.CN.md) - [159870.CN](https://longbridge.com/en/quote/159870.CN.md) ## Related News & Research - [Sinopec refinery utilisation drops, but chemical exports rise due to Iran war](https://longbridge.com/en/news/284489804.md) - [Asia Naphtha/Gasoline-Naphtha prices rises, IOC offers May supply](https://longbridge.com/en/news/284372067.md) - [BondBloxx Announces Upcoming Changes to its ETF Lineup | PCMM Stock News](https://longbridge.com/en/news/284637908.md) - [Gabe Plotkin Plans ETF Comeback After Melvin Capital Collapse](https://longbridge.com/en/news/284563248.md) - [This High-Yield ETF Could Be Perfect for Income-Focused Investors](https://longbridge.com/en/news/284213311.md)