昨日（1月7日）揽尽有色金属行业龙头的有色ETF华宝（159876）场内价格盘中涨超1.6%，收涨 0.38%，斩获日线4连涨，全天成交额8293万元，ETF继续放量突破上市高点！ 伴随火热的行情，资金积极抢筹！深交所数据显示，有色ETF华宝（159876）近5日连续获资金净流 入，合计金额1.4亿元！ 值得关注的是，截至1月7日，有色ETF华宝（159876）最新规模10.19亿元，即规模首次突破10亿元， 再创历史新高，在全市场同标的指数的3只ETF产品中，规模断层第一。 本轮有色金属行情，或是由于长周期供给刚性、新质生产力需求爆发、全球流动性宽松、资源战略升级 四大逻辑叠加而来，这种多维度共振的行情，无论持续性还是强度，均为近十年罕见，具体来看： 1、宏观层面，当地时间1月6日，美联储理事米兰表示，预计后续经济数据趋势可能支持美联储进一步 降息，美联储今年应降息超过100个基点。值得关注的是，本周五，美国统计局将发布12月非农就业报 告。中信建投期货表示，2026年美联储货币政策偏鸽，大概率进一步渐进式降息，为有色市场提供偏多 环境。* 2、产业层面，中国政府正考虑针对性收紧中重稀土相关物项出口许可审查 ...

Core Viewpoint - The non-ferrous metal sector is experiencing a significant rally, with the Huabao Non-Ferrous ETF reaching a historical high and attracting substantial capital inflows, indicating strong market confidence in the sector's future performance [1][5]. Group 1: Market Performance - The Huabao Non-Ferrous ETF (159876) has seen a price increase of 4.4%, marking a continuous four-day rise and a record high in trading volume, with real-time transaction amounts nearing 46.22 million yuan [1]. - As of January 5, the Huabao Non-Ferrous ETF's total scale reached 879 million yuan, also a historical high, with a net subscription of 36.6 million units reported [1]. - Key stocks within the sector, such as Vanadium Titanium Co. and Tin Industry Co., have hit the daily limit, while companies like Aluminum Corporation of China and Huayou Cobalt have seen increases exceeding 8% [1]. Group 2: Macroeconomic Factors - The Federal Reserve's interest rate cuts are driving up non-ferrous metal prices by devaluing the dollar, making metals cheaper and increasing global demand [2]. - Lower interest rates reduce borrowing costs for companies, which is expected to boost demand for industrial metals like copper and aluminum [2]. Group 3: Company Performance - In the third quarter of 2025, 56 out of 60 companies in the leading non-ferrous ETF reported profits, with 44 companies showing year-on-year growth in net profit, highlighting strong fundamentals in the sector [3]. - Notably, Chujiang New Materials reported a staggering 20-fold increase in net profit, with several other companies also experiencing significant profit growth [3]. Group 4: Industry Trends - The current non-ferrous bull market is characterized by demand from emerging industries such as renewable energy, AI, and aerospace, contrasting with previous cycles driven by real estate and infrastructure [3]. - Supply-side disruptions are exacerbating the supply-demand imbalance, further driving up metal prices and emphasizing their strategic value [3]. Group 5: Policy Support - Recent policies aimed at stabilizing growth in the non-ferrous metal industry, including a joint plan from eight departments, are expected to enhance resource security and promote digital upgrades in the industry [3]. - Major infrastructure projects, such as the Yaxi Hydropower Project, are anticipated to create significant demand for non-ferrous metal materials [3]. Group 6: Future Outlook - Analysts predict that the non-ferrous metal sector will continue to thrive, with expectations of a bull market driven by monetary policy, demand, and supply dynamics [4][6]. - The potential for a prolonged super cycle in non-ferrous metals is supported by factors such as a weak dollar, policy backing, and industrial upgrades [4].

今日（12月30日）揽尽有色金属行业龙头的有色ETF华宝（159876）场内价格从开盘下挫2%，迅速拉升至水面以上， 现涨0.52%，彰显韧性，值得关注的是，截至发稿，该ETF获资金实时净申购2880万份，昨天亦吸金1536万元，反映资 金看好有色金属板块后市表现，积极进场布局！ | 有色ETF华宝 | | 159876 | | --- | --- | --- | | 1 1111 18 | +0.005 +0.52% | | | SZSE CNY 10:16:39 交易中 | | / 8 + | | 徐北巡史 | 华宝中证有色全属ETF | | | 实时申购陵回信息 | 由脑 5.0 | | | 笔数 | 31 | 0 | | 全额 | 0 | 0 | | 份额 | 2880万 | C | 成份股方面，天山铝业、云铝股份领涨超4%，江西铜业、中国铝业、洛阳钼业、神火股份涨逾2%，厦门钨业、华友 钴业等个股跟涨。 | 序 | 名称 | 涨跌幅 ▼ | 两日图 | 申万一级行业 | 申万二级行业 | 申万三级行业 | 总市值 | 成交额 | | --- | --- | --- | --- | --- | --- ...

今日（12月30日）揽尽有色金属行业龙头的有色ETF华宝（159876）场内价格从开盘下挫2%，迅速拉 升至水面以上，现涨0.52%，彰显韧性，值得关注的是，截至发稿，该ETF获资金实时净申购2880万 份，昨天亦吸金1536万元，反映资金看好有色金属板块后市表现，积极进场布局！ | 有色ETF华宝 | | 159876 | | --- | --- | --- | | 0.974 | +0.005 +0.52% | | | SZSE CNY 10:16:39 交易中 | | 1 . . + | | 净值走势 | 华宝中证有色金属ETF | | | 实时申购随回信息 | 申购 | 18-0 | | 笔数 | 31 | 0 | | 全额 | 0 | 0 | | 份额 | 2880万 | 0 | 成份股方面，天山铝业、云铝股份领涨超4%，江西铜业、中国铝业、洛阳钼业、神火股份涨逾2%，厦 门钨业、华友钴业等个股跟涨。 | 序号 | 名称 | 涨跌幅 ▼ | 两日图 | 申万一级行业 | 申万二级行业 | 申万三级行业 | 总市值 | 成交額 | | --- | --- | --- | --- | --- | --- ...

或由于最新公布的美国上周初请失业金人数低于预期，美联储1月降息概率有所降低，今日（12月25日） 有色金属板块领跌两市，同标的指数规模最大的有色ETF华宝（159876）场内价格一度跌近2%，现跌 1.14%。 中信建投指出，在四季度全球宏观经济波动加剧与地缘政治冲突升级的背景下，有色金属凭借供需刚 性、"反内卷"政策红利及避险属性，成为中长期资产配置的核心标的。展望后市，矿端供应紧张、绿色 经济转型及货币体系重构将驱动有色金属价格中枢持续上移。 业内人士指出，本轮有色金属行情的背后，是全球资本开支周期、制造业复苏、货币属性强化，以及国 内宏观预期改善等多重因素的共同推动，其趋势性和持续性可能远超市场预期。 【周期风口已至，"有色牛"或将持续】 不同的有色金属，景气度、节奏与驱动点不一致，分化在所难免，如果看好有色金属，一个比较轻松的 思路是通过全覆盖来更好地把握整个板块的贝塔行情。揽尽有色金属行业龙头的有色ETF华宝 （159876）及其联接基金（A类：017140，C类：017141）标的指数全面覆盖铜、铝、黄金、稀土、锂等 行业，相较投资单一金属行业，能够分散风险，适合作为投资组合的一部分进行配置。 风 ...