Chemical Industry ETF Penghua(159870) up over 1.1%, the 6F price is expected to initiate a second round of price increases

NightAirdropper · 2026-04-03T07:32:26+00:00

Industry inventories are at a historic low, spot prices have hit the bottom, and small factories show a strong willingness to hold prices. On the demand side, orders continue to increase. It is expected that the 6F prices will begin a second round of price hikes, and battery manufacturers’ production schedules will be increased. The Chemical ETF Penghua is rising, closely tracking the CSI Sub-sector Chemical Index, with the top ten weighted stocks accounting for 46.51%.

NightAirdropper

2026-04-03 07:32:26

Abstract generation in progress

An institution notes that, currently, industry inventory is only 6–7k tons (one-week inventory level), which is at the historical extreme low. Spot single-lot prices have bottomed out: as of March 6F, the spot single-lot price is only 100k; small factories’ procurement prices are 90k–100k. Currently, 6F costs for second- and third-tier plants are just over 90,000 (lithium carbonate at 150k); they are basically not making money, and small factories have a strong willingness to hold the line on prices.

On the demand side, order scheduling continues to trend upward. In terms of orders, the latest week’s terminal data for March continues to rise month over month. Considering the Beijing Auto Show in late April, new vehicle models will be released one after another, and the institution expects orders to continue to move upward. For scheduling, the institution expects that major battery manufacturers’ Q2 production will increase by 20% quarter over quarter compared with Q1, with May production exceeding 90GWh. The 6F price may start a second round of price increases. The institution expects that, in mid-to-late April, 6F spot single-lot prices could move higher, with a focus on 6F core assets whose current valuation is only around 10X.

As of 13:47 on April 1, 2026, the CSI Sub-sectors Chemical Industry theme index (000813) is strongly up 1.32%. Among constituent stocks, Ruifeng New Material rose 6.80%, Shengquan Group rose 5.76%, Xin Fengming rose 5.56%, while stocks such as Wanhua Chemical and Cangge Mining also followed higher. The Hu P’eng Chemical ETF (159870) rose 1.15%, with the latest price at 0.88 yuan…

The Hu P’eng Chemical ETF closely tracks the CSI Sub-sectors Chemical Industry theme index. The CSI Sub-industry theme index series consists of seven index lines, such as Sub-sectors Nonferrous and Sub-sectors Machinery. They each select securities of listed companies with larger scale and better liquidity from relevant sub-industries as index samples, to reflect the overall performance of securities of listed companies in related sub-industries.

Data show that, as of March 31, 2026, the top ten weight stocks of the CSI Sub-sectors Chemical Industry theme index (000813) are, respectively, Wanhua Chemical, Salt Lake Shares, Tinci Materials, Baofeng Energy, Cangge Mining, Hualu Hengsheng, Wuxi Satellite Chemical? (卫星化学), Juhua Co., Ltd. (巨化股份), Hengli Petrochemical, and Yuntianhua. The combined share of the top ten weight stocks is 46.51%.

The Hu P’eng Chemical ETF (159870), off-exchange connection (A: 014942; C: 014943; I: 022792).

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