This week, the spot tin market price (1.6-1.13) fluctuated downward. The average price in the domestic market was 202360 yuan/ton at the end of last week and 220660 yuan/ton at the end of this week, up 9.04% this week.
The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the tin price has risen continuously after November 2022 due to the influence of macro factors.
This week, the futures market of Shanghai and tin rose sharply in the week, with an increase of 7.46%. However, the recent continuous rise of tin prices was mainly boosted by the expected positive macroeconomic factors and the market’s risk aversion mentality, which affected the performance of funds on the floor. In the spot market, affected by the futures market, tin prices rose this week. Basically, although the production of tin mines in Peru is suspended and the market is expected to cause supply tension, the impact is limited at present. The root cause of this round of rise is still the expected improvement of downstream demand. Recently, the electronic consumption industry has gradually warmed up. The market expects that the overall demand for tin will rise to some extent in 2023, boosting the market mentality. As the holiday approaches, the upstream smelter starts to operate on a low level, and the market supply is slightly tight. The stock preparation before the holiday has ended, and the subsequent market performance needs to wait until the market is clear after the holiday.
The non-ferrous index stood at 1204 points on January 14, unchanged from yesterday, down 21.72% from the highest point of 1538 points in the cycle (2021-10-18), and up 98.35% from the lowest point of 607 points on November 24, 2015. (Note: the period refers to 2011-12-01 to now).
According to the price monitoring of the Business Agency, in the list of commodity prices rising and falling in the second week of 2023 (1.9-1.13), there were 9 commodities in the non-ferrous sector that rose on a month-on-month basis, including 1 commodity that rose more than 5%, accounting for 4.3% of the monitored commodities in this sector; The top three commodities were tin (7.06%), copper (3.72%) and aluminum (3.41%). There were seven commodities that fell on a month-on-month basis, with cobalt (- 2.50%), dysprosium oxide (- 1.80%) and lead (- 1.68%) among the top three products. The average rise and fall of this week was 0.39%.