截至2026年1月5日10:05，中证石化产业指数下跌0.36%。成分股方面涨跌互现，盐湖股份、亚钾国际、藏格矿业等领涨；恒逸石化、广东宏大、恒力石化等 领跌。石化ETF(159731)下跌0.22%，最新报价0.92元。从资金净流入方面来看，石化ETF近4天获得连续资金净流入，合计"吸金"2620.60万元。石化ETF最 新份额达2.67亿份，最新规模达2.45亿元，创近1年新高。 截至12月31日，石化ETF近2年净值上涨41.49%。从收益能力看，截至2025年12月31日，石化ETF自成立以来，最高单月回报为15.86%，最长连涨月数为8个 月，最长连涨涨幅为41.60%，上涨月份平均收益率为5.25%。截至2025年12月31日，石化ETF近1年超越基准年化收益为2.05%。 （以上所列股票仅为指数成份股，无特定推荐之意） 石化ETF(159731)，场外联接(华夏中证石化产业ETF发起式联接A：017855；华夏中证石化产业ETF发起式联接C：017856)。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- ...

Investment Rating - The report maintains a rating of "Outperform" for the industry [3] Core Viewpoints - The report highlights that the easing of US-China tariffs may lead to a recovery in the copper sector, driven by improved export and macroeconomic expectations, alongside tight copper supply [5] - The aluminum sector is expected to see a rebound in exports, although attention must be paid to downstream production changes [5] - The gold sector is positioned for potential recovery due to rising risk aversion stemming from increased US fiscal concerns and new tariffs on EU imports [5] - Small metals like tungsten and rare earths are showing price increases overseas, which may gradually transmit to domestic markets [5] - The steel sector is anticipated to benefit from urban renewal projects and a favorable cost environment, leading to improved profitability expectations [6] Summary by Relevant Sections Copper Sector - Recent LME copper price was $9,595 per ton, with a week-on-week change of +0.6% - SHFE copper price was 77,790 RMB per ton, with a week-on-week change of -0.4% - Copper social inventory recorded 139,900 tons, up 7900 tons week-on-week, indicating initial stockpiling in the off-season [5] Aluminum Sector - LME aluminum price was $2,437 per ton, with a week-on-week change of -1.5% - SHFE aluminum price was 20,155 RMB per ton, with a week-on-week change of +0.1% - The aluminum processing enterprise operating rate fell to 61.4%, indicating a mixed demand landscape [5] Gold Sector - SHFE gold price was 780 RMB per gram, with a week-on-week change of +3.8% - COMEX gold price was $3,358 per ounce, with a week-on-week change of +4.8% - Increased concerns over US fiscal risks and new tariffs are expected to elevate gold prices [5] Small Metals Sector - Rare earth prices for praseodymium and neodymium oxides were 429,000 RMB per ton, with a week-on-week change of -1.0% - Tungsten prices for tungsten concentrate were 165,000 RMB per ton, with a week-on-week change of +0.9% [5] Steel Sector - SHFE rebar price was 3,046 RMB per ton, with a week-on-week change of -1.2% - SHFE hot-rolled coil price was 3,189 RMB per ton, with a week-on-week change of -1.1% - The National Development and Reform Commission plans to launch approximately 3 trillion RMB in quality projects this year, enhancing demand expectations [6]