Global aluminum supply is facing an urgent shortage, and the Yinhua (159871) non-ferrous metals ETF is trading at a premium during the session. Yesterday, it attracted more than 72 million yuan in “fund inflows.”

On April 2nd, the three major indices all opened lower. As of the time of writing, the China Securities Metal Index fell by 0.6%, with leading gains among constituent stocks from Zhongfu Industrial, Tianshan Aluminum, and Shenhuo Shares.

Regarding related ETFs, Yinhua Nonferrous Metals ETF (159871) had a trading volume exceeding 10 million yuan, with a turnover rate of over 0.9%, an over-issuance rate of 0.13%, and was trading at a premium during the session.

In terms of capital flows, Wind data shows that this ETF received a net capital inflow of over 72 million yuan yesterday (April 1st).

Yinhua Nonferrous Metals ETF (159871) closely tracks the China Securities Nonferrous Metals Index (930708.CSI), which selects listed companies involved in nonferrous metal mining, smelting, and processing as samples to reflect the overall performance of related listed companies in the nonferrous metals sector.

On the news front, according to CCTV News, the impact of Middle Eastern geopolitical conflicts continues to spill over, with force majeure risks accelerating across the aluminum supply chain, raising market concerns about a global aluminum supply crisis. International aluminum futures prices surged rapidly. On April 1st, London Metal Exchange (LME) aluminum futures prices rose to nearly $3,500 per ton, with a cumulative increase of nearly 10% since March, and up nearly 40% compared to the same period last year.

CITIC Securities pointed out that, from a style perspective, the Middle Eastern conflict is a catalyst for style rotation this year. Under the background of rising global costs and weakening financial conditions, low valuation and pricing power are the two most important factors. In terms of allocation, the focus remains firmly on China’s advantageous manufacturing pricing power, with a re-evaluation of sectors such as chemicals, nonferrous metals, electrical equipment, and new energy, with price increases still being the core trading clue.