Track the entire lifecycle of the main Sector.
Introduction: ① The concept of controllable nuclear fusion surged yesterday, with Institutions expecting the Industry to be transitioning into a dual-driven stage of fundamentals and industrial progress; ② Nonferrous Metals, Chemicals, and other cyclical stocks have recently been active repeatedly, with price increases becoming the main driving logic, and attention should still be paid to shipping, Chemicals, and Nonferrous Metals in the future; ③ The concept of deep-sea technology has seen increased divergence; if it is to become the mainline of the market, a second wave of market activity is needed to drive bullish sentiment.
Yesterday, the market continued to experience fluctuations and adjustments. Although the final decline in the index level was not significant, with the ongoing shrinkage of trading volume, short-term sentiment continued to retreat, and over 80 stocks still fell by more than 9% yesterday. Therefore, for the market to truly stabilize after this decline, it is crucial to repair the loss effects of the previously popular high-position sectors.
From the perspective of the market, yesterday the stocks in the controllable nuclear fusion concept became the core hotspot. Recently, expectations for controllable nuclear fusion have significantly changed. Since 2025, companies such as Fusion New Energy and the Plasma Institute of the Chinese Academy of Sciences have been actively bidding, with a total of around 46 procurement projects. According to institutions tracking this, companies related to the nuclear fusion Industry Chain will begin to show revenue levels starting this year, and coupled with the continuous bidding for downstream projects, this may indicate that controllable nuclear fusion is no longer just a simple speculative concept, and the Industry will transition from a thematic phase to a dual-driven phase of fundamentals and industrial progress. However, the continuity of new topics in the market remains relatively average; after yesterday's surge, the divergence among individual stocks within the sector may increase.
The direction of cyclical stocks is also an important aspect and should not be overlooked, as Nonferrous Metals and Chemicals have been repeatedly active recently. One of the core drivers behind this is the logic of price increases. According to the latest analysis by Industrial Securities, the pricing increases this year are mainly concentrated in shipping, Chemicals (basic Chemicals such as sulfuric acid, Agrochemicals such as fertilizers), and some Nonferrous Metals (Precious Metals, Small Metals, Copper, and Aluminum). From the market perspective, cyclical sectors have undergone prolonged adjustments, so overall valuation levels are relatively low. Coupled with the collective retreat of high-position Technology stocks, it is reasonable for funds to shift between high and low positions. However, the current fundamentals and supply-demand relationships of cyclical industries do not support a full-scale launch of these industries; there is a greater probability that active funds will choose themes and concepts as breakout points.
After some buying activity in deep-sea technology concept stocks at the close of trading the day before, the divergence among individual stocks significantly increased yesterday, with Fujian Nanping Sun Cable and Zhejiang Unifull Industrial Fibre both successfully advancing. Despite the core symbols Dalian Huarui Heavy Industry Group and Shaoyang Hydraulic experiencing trading halts, they ultimately closed in the green, while Asian Star Anchor Chain hit the limit down and Haigou Co., Ltd. fell by over 10%. As one of the best continuing topics recently, the deep-sea technology concept is still expected to be active moving forward, and if it wants to play the role of the market mainline, it still requires a second wave to enhance market bullish sentiment.
