as of 13:12 on September 11, 2023, the China securities subdivision non-ferrous metal industry theme index (000811) rose 1.60 percent, the constituent stock Hunan gold (002155) rose 4.34 percent, yunhai metal (002182) rose 3.22 percent, Tianshan aluminum (002532) rose 3.13 percent, CICC gold (600489), western superconducting (688122) and other stocks followed. Non-ferrous 50ETF(159652) rose 1.61, the latest price of 0.88 yuan, intraday turnover has reached 4.579 million yuan, temporarily ranked first in comparable ETF, turnover rate of 1.31.

In the long run, as of September 8, 2023, the colored 50ETF was up 3.33 percent in the last two weeks.

In terms of scale, the non-ferrous 50ETF increased by 7.7501 million yuan in the past 2 weeks, achieving significant growth, with the new scale ranking first among comparable funds.

At the valuation level, the latest price-to-earnings ratio (PE-TTM) of the CSI Subdivision Nonferrous Metals Industry Thematic Index tracked by the Nonferrous 50ETF is only 15.51 times, at a fraction of 17.3 per cent in the last five years, I .e., the valuation is below 82.7 per cent in the last five years and at an all-time low.

nonferrous 50ETF closely tracks the theme index of China securities subdivision nonferrous metal industry. the theme index series of China securities subdivision industry consists of 8 indexes such as subdivision energy and subdivision nonferrous metal. the securities of listed companies with large scale and good liquidity are selected as index samples from the relevant subdivision industries in Shanghai and Shenzhen markets to reflect the overall performance of securities of listed companies in the relevant subdivision industries in Shanghai and Shenzhen markets.

data show that as of August 31, 2023, the top ten heavyweights in the China securities subdivision nonferrous metal industry theme index (000811) are Zijin mining (601899), Tianqi lithium industry (002466), northern rare earth (600111), huayou cobalt industry (603799), ganfeng lithium industry (002460), Shandong gold (600547), China aluminum (601600), Luoyang molybdenum industry (603993), CICC gold (600489) and yunal aluminum (000807), the top ten weighted stocks together accounted for 53.41 per cent.

Cinda Securities believes that: the demand side of the aluminum strip operating rate continues to rise, although the construction profile construction is still relatively sluggish, but we expect to benefit from the macro policy boost, superimposed on the arrival of the peak demand season, construction profile demand is expected to pick up. Short-term aluminum prices may be affected by sentiment, but we expect the subsequent macro policy to continue to exert force, as well as the continued improvement of electrolytic aluminum fundamentals, is expected to continue to support the upward trend in aluminum prices.