矿业ETF（561330）盘中涨超5.5%，市场聚焦流动性宽松与工业金属供需改善

Core Viewpoint - The speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole Global Central Bank Conference has boosted market expectations for a rate cut in September, leading to upward support for non-ferrous metal prices due to marginal global liquidity easing [1] Group 1: Market Conditions - Domestic fiscal and financial policies are continuously working to unleash domestic demand potential, combined with U.S. economic data indicating a possible soft landing, which has increased market risk appetite [1] - Industrial metals are transitioning between peak and off-peak seasons; although inventories continue to accumulate, certain varieties are affected by supply-side maintenance and seasonal disruptions, alongside gradually increasing demand during peak seasons, which may improve the supply-demand balance and support prices [1] Group 2: Long-term Outlook - In the context of a global monetary system restructuring, non-ferrous metals are expected to continue performing well in the medium to long term [1] Group 3: Investment Products - The mining ETF (561330) tracks the non-ferrous mining index (931892), which selects securities from companies engaged in non-ferrous metal mining, smelting, and related businesses to reflect the overall performance of listed companies in the non-ferrous metal mining sector [1] - The index constituents exhibit strong cyclical characteristics and are influenced by global economic conditions, supply-demand changes, and policy factors [1] - Investors without stock accounts may consider the Guotai CSI Non-Ferrous Metal Mining Theme ETF Initiated Link A (018167) and Guotai CSI Non-Ferrous Metal Mining Theme ETF Initiated Link C (018168) [1]