According to the monitoring of the commodity market analysis system of Business Society, the 1 # tin ingot market in East China rose first and then fell this week (12.11-12.18). The average market price at the beginning of last week was 206560 yuan/ton, while the average market price at the beginning of this week was 207460 yuan/ton, with a weekly increase of 0.44%.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell 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 been continuously rising for three months due to macroeconomic factors. Since February 2023, prices have fallen by 11.35% in a single month, and the trend of tin prices has fluctuated narrowly in the past three months. From the weekly K-bar chart, it can be seen that the tin ingot market has seen more declines and less gains in recent times.

In terms of the futures market, Shanghai tin continued to fluctuate at a low level at the beginning of the week. Later, with the release of monetary easing signals from the Federal Reserve, basic metals generally strengthened, driving a slight increase in Shanghai tin. From the perspective of supply and demand, the shutdown and maintenance of large enterprises in Yunnan region during this cycle has led to a slight decline in the operating rate of domestic refined tin. According to market news, other enterprises will have maintenance plans in the near future, and the market expects a tight supply in the future. In terms of demand, when the market price was low in the early stage, downstream actively replenished inventory. Currently, the demand for replenishing inventory is slightly lower, mainly due to the digestion of factory inventory. The overall inventory quantity has increased this week. The recent changes in terminal consumption have not been significant, and the overall trend is still weak. Overall, the demand for tin ingots in the market is still weak, and it is expected that the supply and demand side will remain stable, moderate, and weak in the short term. In the future, it is still necessary to focus on inventory changes and macro factors.

On December 17th, the non-ferrous index was 1092 points, unchanged from yesterday, a decrease of 29.00% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 79.90% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

According to the price monitoring of Business Society, there were a total of 10 commodities in the non-ferrous sector that saw a month on month increase in the commodity price rise and fall list in the 50th week of 2023 (12.11-12.15). The top 3 commodities with the highest increase were silver (1.74%), dysprosium oxide (1.71%), and zinc (1.59%). There are a total of 8 products with a month on month decline, and the top 3 products with a decline are praseodymium oxide (-2.11%), dysprosium iron alloy (-1.35%), and praseodymium neodymium oxide (-1.10%). The average increase and decrease this week is 0.11%.