Underlying Index Performance: 513560.SHG tracks an index. The ETF's price heavily depends on the performance of the constituent stocks in that index.

Supply and Demand: Like any security, the ETF's price fluctuates based on market supply and demand. Higher demand generally leads to a price increase, and vice versa.

Market Sentiment: Overall investor confidence and market sentiment towards the sectors or themes represented by the index influence ETF pricing.

Fund Flows: Large inflows or outflows of money into or out of the ETF can impact its share price due to adjustments in holdings.

Expense Ratio: The ETF's expense ratio, although deducted gradually, affects the long-term return and, therefore, indirectly influences its price.

Trading Volume & Liquidity: Higher trading volume and liquidity usually lead to more efficient price discovery and potentially tighter bid-ask spreads.

Economic Factors: Macroeconomic indicators such as interest rates, inflation, and economic growth can impact the valuation of the underlying companies and hence the ETF's price.

Geopolitical Events: Global events and geopolitical tensions can create market volatility and affect investor sentiment, leading to price fluctuations.