Underlying Assets Performance: The price of 513520.SHG directly reflects the performance of its underlying assets, typically stocks or bonds within a specific sector or index. If the value of these holdings increases, the ETF's price will likely rise, and vice versa.

Supply and Demand: Market forces of supply and demand play a crucial role. Higher demand for 513520.SHG relative to supply drives the price up, while increased selling pressure can lower it.

Investor Sentiment: Overall investor sentiment towards the specific sector or market represented by the ETF significantly impacts its price. Positive sentiment boosts demand, while negative sentiment leads to selling.

Expense Ratio: The ETF's expense ratio, which covers management fees and other operational costs, can subtly affect its price by reducing returns over time, making it less attractive to some investors.

Tracking Error: The degree to which the ETF accurately tracks its underlying index affects its attractiveness. Higher tracking error can deter investors and impact demand.

Market Conditions: Broad economic conditions and market trends, such as interest rate changes, inflation, and geopolitical events, can indirectly impact the ETF's price by affecting the underlying assets and overall investor sentiment.

Liquidity: The ETF's trading volume and liquidity affect price discovery. Highly liquid ETFs tend to have tighter bid-ask spreads and more efficient price movements.