7月26日早盘，化工板块逆市走强，化工ETF（516020）在场内价格逆市上涨0.42%，成为行情的风向标。
根据该ETF自6月以来的二级市场价格走势来看，化工板块底部重心逐步提升，并且没有出现连续下跌的情况，市场底部逐步得到确认。
在复苏趋势的支持下，化工板块有望延续上涨的势头。
从资金面来看，随着板块底部的提升，资金开始流入化工ETF。
上交所的数据显示，化工ETF（516020）已连续3天处于净申购状态，累计净申购额达到1486万元。
根据最新的机构观点，市场普遍认为化工行业的景气度逐步回暖。
中金策略发布的最新观点指出，当前化工行业已经出现了多个积极因素：1）化工产品整体价格已触底回升；2）成本压力已经显著减轻，化工品的价格差普遍改善；3）国内政策刺激和补库助推了需求好转；4）新版节能降碳政策可能导致供给端产能明显收缩。
对于具体的投资方向，中金建议增加化工配置，并关注以下四个方向：1）具有大规模资本支出和新增项目盈利预期较好的化工领军企业；2）供给格局良好的子行业，包括新增产能较少的子行业以及受政策驱动的商品，如TDI、胶膜EVA/POE颗粒、制冷剂、粘胶短纤和PX等；3）关注人工智能带来的需求增长，特别是氟化液制冷、PPO和先进封装材料等新材料领域，同时半导体行业预计在下半年触底，面板行业已经有复苏迹象，建议关注半导体和OLED材料国产化替代的机会；4）受益于原材料价格下降的轮胎行业。
布局化工行业底部复苏，可以关注代表性的化工ETF（516020）。
该ETF跟踪中证细分化工产业主题指数，全面涵盖化工领域的各个细分行业。
其中近50%的仓位集中在大市值领军股，包括万华化学、盐湖股份、恩捷股份、华鲁恒升、天赐材料和荣盛石化等，分享强者恒强的投资机会；其余50%的仓位涵盖磷肥及磷化工、氟化工、氮肥、煤化工和钛白粉等细分领域的领军股，全面把握化工板块的投资机会。
风险提示：化工ETF passively tracks the CSI Sub-industry Chemicals Index, which was established on December 31, 2004 and published on April 11, 2012. The constituents of the index are adjusted in accordance with the index compilation rules. The constituent stocks mentioned in the article are for illustration purposes only and do not constitute any form of investment advice, nor do they represent the holding information and trading trends of any funds managed by the fund manager. The risk level of the fund evaluated by the fund manager is R3 - medium risk, suitable for investors with a suitability rating of C3 or above. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of statements, etc.) is for reference only. Investors must take responsibility for any independent investment decisions made. In addition, any views, analyses, and forecasts in this article do not constitute any form of investment advice to readers, nor do they assume any responsibility for any direct or indirect losses caused by the use of the content of this article. Fund investment involves risks, and past performance of the fund does not guarantee its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Investors should exercise caution when investing in funds.