According to the monitoring of the Commodity Market Analysis System of the Business Society, the East China region’s 1 # tin ingot market fluctuated and declined this week (5.12-5.19). On May 12th, the average market price was 201210 yuan/ton, and on May 19th, the average market price was 196110 yuan/ton, a weekly decrease of 2.53%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the monthly K-bar chart, it can be seen that after November 2022, tin prices have risen continuously for three months due to macroeconomic factors, and have fallen by 11.35% in a single month since February 2023. From the weekly K-bar chart, it can be seen that the overall trend of the tin ingot market is weak and has been declining for four consecutive weeks.

The overall changes in the operation of the smelter this week compared to last week are limited, and manufacturers still have a strong attitude towards price competition. The tight supply at the mining end has not yet improved, and the refinery has a strong reluctance to sell. The demand side has limited changes and still shows weak demand. The overall consumption in the electronic market is still weak, and there are few signs of improvement in the short term. In the downstream consumption structure of refined tin metal, soldering tin accounts for about 44% of the market share, while tin plates account for about 16% of the market share. Therefore, the development of the electronics industry, including the development of the new energy industry, has a significant impact on tin. The operating rate of solder enterprises has been basically stable in the near future, and it is difficult to make significant changes in the near future. In terms of inventory, social inventory remained at a high level this week, dragging down tin prices this week. Overall, the weak downstream demand pattern continues, and the impact of domestic supply and demand on tin prices remains weak. It is necessary to focus on the impact of domestic and foreign macro factors on the market.

On May 19, 2023, the London Metal Exchange (LME) tin inventory increased by 125 tons (in tons) to 1835 tons

On May 20th, the base metal index stood at 1170 points, unchanged from yesterday, a decrease of 27.60% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 82.24% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, in the 20th week of 2023 (5.15-5.19), a total of 1 commodity in the non-ferrous sector saw a month on month increase in the list of commodity prices