大成有色ETF(159980.SZ)活跃上涨，连续多日获资金申购，国际铜价或仍延续偏强震荡行情

Group 1 - The Dachen Nonferrous ETF (159980.SZ) has shown a bullish signal after three months, entering a relatively certain bullish cycle, with continuous fund inflows [1] - The ETF's underlying index includes six components: copper (approximately 50%), aluminum (approximately 16%), nickel (approximately 11%), tin (approximately 8%), lead (approximately 8%), and zinc (approximately 8%), all maintaining bullish signals at the daily level [1] - As of July 1, the Dachen Nonferrous ETF has seen a net inflow of 81.7191 million yuan over the past five days, reaching a new high in scale at 966 million yuan and a new high in shares at 565 million [1] Group 2 - Citic Securities analysis indicates that the refined copper market remains in a tight balance due to limited production guidance and declining TC/RC fees, with support for copper prices from China's economic stability and a soft landing in the U.S. economy [2] - Current market prices for copper are considered reasonable, with potential for further upward movement contingent on domestic macro policies and overseas economic recovery [2] - Expectations of rising inflation, interest rate cuts, and a slight decline in the U.S. dollar index may support copper prices in maintaining a strong oscillating trend [2]