1月8日，A股市场震荡，沪指在水面上行震荡，金银铜集体回调，有色板块回调。截至15:00，有色50ETF（159652）跌1.89%，五连涨后首度回调，资金逆 势涌入超1.2亿元，加上今日，有色50ETF（159652）已连续5日获净申购，合计净申购额超4.7亿元。 | 序号 | 代码 | 名称 | 申万―级行业 | 涨跌幅 | 估算权重 | | --- | --- | --- | --- | --- | --- | | 1 | 601899 | 常全矿业 | 有色金属 | -1.31% | 15.26% | | 2 | 603993 | 各阳镇小 | 有色金属 | -1.37% | 8.16% | | 3 | 600111 | 北方稀土 | 有色全属 | -3.70% | 5.32% | | 4 | 603799 | 华友钻业 | 有色全居 | -2.32% | 5.13% | | 5 | 601600 | 中国铝业 | 有色金属 | -2.99% | 4.67% | | 6 | 002460 | 酸密带V | 有色全属 | -2.24% | 3.32% | | 7 | 600547 | 山东黄金 | 有色 ...

12月29日，A股大小指数分化，沪指录得9连阳！有色金属价格波动剧烈，铜价强劲冲高，高"含铜量"的有色50ETF（159652）随市回落，午后续跌，收跌超 2%。资金无惧波动，逆势涌入，有色50ETF（159652）全天强势"吸金"超6200万元！ | | 分时 多日 1分 5分 15分 30分 60分 ▼ 综合屏 F9 前层权 超级营加 圆线 自 | 507 | 有色50日 F | | 159652 | | --- | --- | --- | --- | --- | --- | | | 159652.SZ[有色50ETF] 2025/12/29 收 1.628 幅 -2.28%(-0.038) 开 1.688 高 1.688 低 1.625 均 1.652 量 | WP | 628 | | -0.038 -2.28% | | 时 | MA5 1.6251 MA10 1.5851 MA20 1.5581 MA60 1.5141 MA120 1.3381 MA250 1.1171 2025/09/15-2025/12/29(70日) V | | | | | | | | | | CNY 15:00:00 闭市 | ...

与此同时，该基金最新成交量为2.08亿份，最新成交额跌破3.50亿元，居可比基金末位。 有色50ETF（159652.SZ），场外联接(A类：019164；C类：019165）。 2025年12月29日，有色50ETF（159652.SZ）收跌2.28%，主力资金（单笔成交额100万元以上）净流出 2044.58万元，居可比基金第一。（数据来源：Wind） ...

Market Performance - The Shanghai Composite Index experienced a slight decline of 0.19% in the morning session, while the ChiNext Index fell by 0.15%. In contrast, the Shenzhen Component Index rose by 0.17% [1] - The total market turnover reached 1.4648 trillion yuan, an increase of 252.9 billion yuan compared to the previous day's trading volume [1] Sector Performance - The AI industry chain saw a collective pullback, with CPO, liquid cooling, and high-speed copper concepts leading the declines. Technology sectors such as robotics and photolithography machines also underwent a general correction [1] - Conversely, the lithium battery industry chain surged, with the non-ferrous metals sector accelerating. Companies like Luoyang Molybdenum and Zijin Mining reached historical highs [1] - The commercial aerospace concept began to show signs of differentiation [1] ETF Performance - Mini-sized Hong Kong stock ETFs continued to rise, with GF Fund's Hang Seng ETF and Cathay Fund's Hong Kong Stock Connect 50 ETF increasing by 7.11% and 2.84%, respectively. Their latest premium/discount rates are 16.96% and 12.35% [1] - The non-ferrous metals sector remained strong, with Southern Fund's Non-Ferrous Metals ETF, Huatai-PineBridge Fund's Non-Ferrous 50 ETF, and Yinhua Fund's Non-Ferrous Metals ETF all rising by 3% [1] - The photovoltaic sector also showed strength, with Harvest Fund's New Energy ETF and Bosera Fund's New Energy Theme ETF both increasing by 2% [1] - The semiconductor sector declined, with chip equipment ETFs and semiconductor equipment ETFs falling by 1.6%. The CPO sector also saw a pullback, with communication ETFs and 5G communication ETFs dropping by 1.6% and 1.43%, respectively [1]

Core Viewpoint - The non-ferrous metals sector has experienced significant growth, with the non-ferrous index rising by 90% year-to-date as of December 25, leading the A-share industry rankings [1] Group 1: Market Performance - The Non-Ferrous 50 ETF (159652) has seen a surge in popularity, with net subscriptions exceeding 270 million yuan over three consecutive days, bringing its total scale to over 3.9 billion yuan, leading among similar index ETFs [1] - The overall non-ferrous market boom is attributed to a combination of macroeconomic conditions, industry trends, policy directions, and market sentiment [3] Group 2: Monetary Policy Impact - The Federal Reserve's decision to cut interest rates by 25 basis points on December 10 has triggered a significant rally in non-ferrous metals [4] - Cumulatively, the Fed has reduced rates by 175 basis points since September 2024, indicating a shift towards a prolonged easing cycle that supports metal prices [4] Group 3: Supply Constraints - The supply side of non-ferrous metals is characterized by both rigidity and vulnerability, which supports prices for industrial metals like copper and aluminum [5] - Disruptions in copper supply have been frequent this year, with major mines reducing production forecasts due to various operational challenges [5] - Domestic aluminum production capacity is capped, with an operating rate of 98.6% as of the end of October, indicating significant supply constraints [5] Group 4: Demand Drivers - Emerging industries such as AI and robotics are creating new demand for non-ferrous metals, supported by macroeconomic policies aimed at growth and increased manufacturing investment [9] - The rapid development of sectors like renewable energy and electric vehicles is driving substantial investment in copper, nickel, cobalt, lithium, and silicon, further boosting demand for these metals [9] - Goldman Sachs predicts that by 2030, infrastructure development will contribute to a 60% increase in global copper demand, equivalent to the current total global copper consumption [9] Group 5: Investment Opportunities - The current environment presents significant investment opportunities in non-ferrous commodities, bolstered by monetary easing, supply constraints, and new demand drivers [10] - Investors are encouraged to consider the Non-Ferrous 50 ETF (159652) for exposure to leading assets in this sector [10]

今日港股圣诞节休市，期间北向资金暂停。板块主力资金方面，机械设备板块主力资金净流入居首。 ETF成交方面，机器人ETF易方 达（159 530）成交额环比增长282%。 龙虎榜方面，金风科技午后涨停，获两家一线游资（国泰海通证券南京太平南路、国泰海通证券宜昌沿江大道）分别买入4 .63亿、2.22 亿，同时获两家机构买入5473万。海南发展遭资金激烈博弈，三家一线游资（国泰海通证券成都北一环路、东方证券厦门仙岳路、兴 业证券深圳分公司）分别卖出1 . 53亿、0.94亿、0.77亿。 一、沪深股通前十大成交 从板块表现来看，机器人、商业航天、半导体、造纸等板块涨幅居前，贵金属、海南、能源金属等板块跌幅居前。 | | | 星矿板块主力资金监控:今日买入前五榜(2025年12月25日) | | | --- | --- | --- | --- | | 排名 | 板块名称 | 主力资金净流入(亿元) | 主力资金净流入率(%) | | 1 | 机械设备 | 27.51 | 1.41 | | 2 | 通用设备 | 24.97 | 2.59 | | 3 | 交运设备 | 21.35 | 2.13 | | ব | 电力设备 ...

今日港股圣诞节休市，期间北向资金暂停。板块主力资金方面，机械设备板块主力资金净流入居首。 ETF成交方面，机器人ETF易方达（159530）成交额环比增长282%。 龙虎榜方面，金风科技午后涨停，获两家一线游资（国泰海通证券南京太平南路、国泰海通证券宜昌沿 江大道）分别买入4.63亿、2.22亿，同时获两家机构买入5473万。海南发展遭资金激烈博弈，三家一线 游资（国泰海通证券成都北一环路、东方证券厦门仙岳路、兴业证券深圳分公司）分别卖出1.53亿、 0.94亿、0.77亿。 一、沪深股通前十大成交 今日港股圣诞休市，期间北向资金暂停。 二、板块个股主力大单资金 从板块表现来看，机器人、商业航天、半导体、造纸等板块涨幅居前，贵金属、海南、能源金属等板块 跌幅居前。 从主力板块资金监控数据来看，机械设备板块主力资金净流入居首。 从成交额环比增长前十的ETF来看，机器人ETF易方达（159530）成交额环比增长282%位居首位；有色 50ETF（159652）成交额环比增长162%位居次席。 四、期指持仓 四大期指主力合约中，IC、IM合约多空双方均减仓，IH合约多空双方加仓，IF合约多头减仓而空头加 仓。 五、 ...

Core Viewpoint - The A-share non-ferrous sector experienced a correction after four consecutive days of gains, with the non-ferrous 50 ETF (159652) declining by 1.79% as of 10:43 AM on December 25, following significant inflows of over 150 million yuan in the previous days [1][3]. Market Performance - The non-ferrous 50 ETF (159652) saw most of its constituent stocks decline, with notable drops exceeding 2% for companies like Huayou Cobalt and Ganfeng Lithium, while Northern Rare Earth experienced a slight increase [3]. - The ETF's latest scale surpassed 3.8 billion yuan, marking a new high and leading among similar index ETFs [1]. Commodity Market Insights - The spot gold price reached a record high of $4,525.70 per ounce before a slight decline, while silver continued its strong performance, marking its fourth consecutive trading day of record highs [4]. - LME copper prices rose by 0.6% to $12,133 per ton, achieving a third consecutive day of gains [4]. Company Developments - Jiangxi Copper announced its acquisition of SolGold plc for approximately £867 million (about $1.17 billion), targeting the Cascabel project in Ecuador, which is considered one of the most promising undeveloped copper mines globally [5]. - Capstone Mining's Mantoverde copper-gold mine in Chile is facing potential strikes due to unresolved labor contract negotiations, with a planned production of 29,000 to 32,000 tons of cathode copper by 2025 [5]. Industry Outlook - The International Energy Agency (IEA) projects global copper demand to reach 36 million tons by 2030, a 53% increase from 2020, while supply is expected to face a "depletion crisis" [6]. - The upcoming U.S. Federal Reserve chair is anticipated to favor significant interest rate cuts, which could influence metal prices positively [6]. Investment Opportunities - The non-ferrous 50 ETF (159652) is highlighted for its strategic value, with a copper content of 31% and gold content of 14%, leading among similar ETFs [13]. - The ETF's index has shown a cumulative return of 86.28% since 2022, driven by earnings rather than valuation increases, indicating a favorable investment environment [15].

Core Viewpoint - The A-share market experienced slight fluctuations on December 23, with the Nonferrous 50 ETF (159652) rising over 2% at one point, reaching a new high since its listing, driven by significant net subscriptions [1][3]. Group 1: ETF Performance - The Nonferrous 50 ETF (159652) saw a net subscription of 31 million units, with an estimated net subscription amount exceeding 50 million yuan during the trading session [1]. - The ETF's performance indicators show a year-to-date increase of 87.92% and a 120-day increase of 62.58% [1]. - The ETF's top ten constituent stocks mostly experienced gains, with Shandong Gold (600547) up 6.72% and Tianqi Lithium rising over 3% [3]. Group 2: Market Trends - The spot gold price continued to rise, nearing $4,500 per ounce, marking a year-to-date increase of over 70% [5]. - Lithium carbonate futures surged over 3%, continuing a trend of price increases, with expectations of further price support due to low inventory levels [7]. - Copper prices reached record highs, with forecasts suggesting potential increases to $13,000 per ton in the second quarter of 2026 [8]. Group 3: Industry Outlook - The nonferrous metal sector is projected to maintain strong performance, with a cumulative increase of 90% year-to-date, positioning it as a leading industry [12]. - The 2026 outlook for basic metals, particularly copper and aluminum, is optimistic due to expected demand improvements and supply constraints [10]. - The demand for lithium and cobalt is anticipated to grow, with lithium prices expected to continue their upward trend due to supply and demand dynamics [11].

12月19日，A股大面积回暖，两市超4400股收涨，有色板块震荡上行，有色50ETF(159652)收涨1.76%！ 有色50ETF(159652)标的指数成分股多数冲高，云铝股份(000807)上涨6.48%，北方稀土、华友钴业、中国铝业等涨超3%，赣锋锂业等涨超2%，紫金矿业、 中金黄金等微涨，山东黄金、赤峰黄金等回调。 【有色50ETF(159652)标的指数前十大成分股】 | 序号 | (-CRE | 名称 | 田力一致行业 | 乐天娱 | 估自科重 | | --- | --- | --- | --- | --- | --- | | 1 | 601899 | 三四年新 | 有色全属 | 0.48% | 15.12% | | 2 | 603993 | 洁阳铝业 | 有色金属 | 2.63% | 7.80% | | 3 | 600111 | 北方稀土 | 有色全属 | 3.15% | 5.46% | | 4 | 603799 | 华友钻业 | 有色金属 | 3.22% | 4.82% | | 5 | 601600 | 中国铝业 | 有色金属 | 3.04% | 4.11% | | 6 | 002460 | ...