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 rose this week (11.10-11.17). The average market price last weekend was 210860 yuan/ton, and this weekend it was 212810 yuan/ton, a weekly increase of 0.92%.

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. Since February 2023, the price has dropped by 11.35% per 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 recently seen more declines and less gains.

In terms of the futures market, the overall trend of tin prices this week was somewhat volatile, with the overall trend mostly following the fluctuations of the macro market. On the supply side, the import of tin ore continues to decline, but the impact on domestic enterprises is relatively small. Currently, the operating rate of smelters is generally stable. However, with the increase of imported tin ingot sources, the overall supply of domestic tin ingots is relatively stable. In terms of demand, downstream performance is still weak, and the overall expectation of solder demand is still weak. Most consumer terminals maintain a wait-and-see attitude, actively go to the warehouse, and maintain the principle of replenishing raw materials according to demand. Overall, with limited changes in the supply and demand side of tin and no significant improvement in terminal demand expectations, it is expected that the tin ingot market will continue to operate steadily, with a focus on the impact of macroeconomic fluctuations on the market in the near future.

On November 19th, the non-ferrous index stood at 1109 points, unchanged from yesterday, a decrease of 27.89% from the cycle’s highest point of 1538 points (2021-10-18), and an increase of 82.70% from the lowest point of 607 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, there were five commodities in the non-ferrous sector that rose month on month in the 46th week of 2023 (11.13-11.17) commodity price rise and fall list, with silver (3.97%), copper (1.29%), and lead (1.15%) ranking among the top three commodities. There are a total of 15 products that have decreased compared to the previous month, with the top 3 products falling respectively being dysprosium metal (-3.69%), dysprosium iron alloy (-3.14%), and nickel (-3.00%). This week’s average increase or decrease was -0.96%.