--- title: "The chemical ETF Penghua rose nearly 1%. Under the impact of overseas energy, the supply support of the refining and polyester industry chain has strengthened" type: "News" locale: "en" url: "https://longbridge.com/en/news/282935139.md" description: "The Penghua CSI Subdivision Chemical Industry Theme ETF rose nearly 1%, influenced by overseas energy shocks, which enhanced the supply support for the refining and polyester industry chain. Middle Eastern refineries have lost more than 40% of their capacity due to fires and attacks, leading to a significant impact on the supply of related products. Despite pessimistic demand expectations, the supply-side logic is gradually emerging, and the polyester industry chain is facing cost bottlenecks, with small enterprises' operations expected to decline passively. The latest price of the Penghua CSI Subdivision Chemical Industry Theme ETF is 0.9 yuan, closely tracking the CSI Subdivision Chemical Industry Theme Index" datetime: "2026-04-16T03:34:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282935139.md) - [en](https://longbridge.com/en/news/282935139.md) - [zh-HK](https://longbridge.com/zh-HK/news/282935139.md) --- # The chemical ETF Penghua rose nearly 1%. Under the impact of overseas energy, the supply support of the refining and polyester industry chain has strengthened The chemical sector continues to rise, with institutions pointing out that under the impact of overseas energy, the supply support for the refining and polyester industry chain has increased: The overseas energy crisis is impacting global supply chain security, leading to a rapid decline in the load of refining and related industry chains. Recently, a fire broke out at the SABIC petrochemical base in Jubail, Saudi Arabia, and the largest petrochemical complex in Asaluyeh, southern Iran, was attacked. Currently, the capacity loss of Middle Eastern refineries exceeds 40%. Even after the Strait resumes navigation, they are expected to face low operating rates or shutdowns in the medium term, compounded by Japan, South Korea, and Southeast Asia also announcing reductions in load, strengthening the supply support for refining and related industry chains. Globally, refining is passively reducing capacity, and downstream product prosperity will accelerate recovery. In addition to crude oil, the Middle East is also an important exporter of downstream products. As refinery loads decrease, related products such as PX, pure benzene, styrene, PP, and PE are affected by approximately 25%, 50%, 80%, 40%, and 35% of their capacities, respectively, indicating a significant impact on the supply side. The previous pessimistic expectations for refinery demand are fully reflected, and the logic on the supply side is gradually emerging. The pressure on raw materials in the refining-related industry chain is also increasing, and small/inefficient capacities will accelerate clearance. The PTA procurement in the polyester industry chain may face cost bottlenecks, leading to a passive decline in the operations of small enterprises, while large-scale enterprises will maintain stable supply chains, highlighting their competitive advantages; the operations of polyurethane facilities in Japan, South Korea, and Europe will also passively decline, and the global supply logic of domestic capacity will be reinterpreted. As of April 16, 2026, at 10:59, the CSI Subdivision Chemical Industry Theme Index (000813) rose by 0.79%. Component stocks such as Hengyi Petrochemical rose by 3.91%, Hongda Co., Ltd. rose by 3.32%, Salt Lake Co., Ltd. rose by 2.97%, Yara International rose by 2.68%, and Hengli Petrochemical rose by 2.66%. The chemical ETF Penghua (159870) rose by 0.89%, with the latest price reported at 0.9 yuan. The chemical ETF Penghua closely tracks the CSI Subdivision Chemical Industry Theme Index. The CSI 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 related sub-industries as index samples to reflect the overall performance of listed company securities in the relevant sub-industries. Data shows that as of March 31, 2026, the top ten weighted stocks in the CSI Subdivision Chemical Industry Theme Index (000813) are Wanhua Chemical, Salt Lake Co., Ltd., Tianci Materials, Baofeng Energy, Zangge 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%. 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