This week, the spot tin market price (2.3-2.10) fluctuated downward. The average price in the domestic market was 227010 yuan/ton at the end of last week and 217610 yuan/ton at the end of this week, down 4.14%.

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 will rise as a whole after November 2022 due to the influence of macro factors.

Futures market this week

Variety/ Closing price/ Compared with the same period last week/ Inventory (ton)/ Change from last week’s inventory (ton)

SHANGHAI tin/ 218140 yuan/ton/- 10260 yuan/ton/ 7856./+830

London tin/ US $27270/ton/- 730 dollars/ton/ 3205./+25

In terms of the futures market, Lunxi’s trend this week was weak as a whole, falling by about 2% this week. The main reason was that the US dollar index rose on Monday, and the metal market was generally under pressure. After the shock trend of the US dollar index, the metal market was generally down this week. Shanghai Tin fell nearly 5% in the week following the trend of Lunxi.

In terms of the spot market, this week, following the trend of the Shanghai Tin Exchange, the overall downward trend, the trading volume was general, and the downstream purchase was on demand, and the actual transaction was limited. On the supply side, with the end of the holiday, the smelter gradually began to resume work, the operating rate rose from the previous period, and the concentrate processing fee decreased slightly. It will take some time to fully recover. In terms of demand, as tin prices fell, the willingness of the downstream market to seek bargains and replenish stocks recovered, and there were many inquiries. With the end of the holiday, there was also a certain demand for replenishing stocks. On the whole, the atmosphere in the field gradually returned to normal after the holiday, and there was a certain demand for replenishment in the downstream, but most of them were based on the purchase of just needed goods. In the future, it is expected that the tin market will still maintain a stable, moderate and weak trend, and the subsequent focus will be on the recovery of downstream demand.

The non-ferrous index stood at 1191 points on February 12, unchanged from yesterday, down 22.56% from the highest point of 1538 points in the cycle (2021-10-18), and up 96.21% 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, there were four commodities in the non-ferrous sector in the list of commodity prices rising and falling in the 6th week of 2023 (2.6-2.10), with antimony (3.94%), nickel (2.96%) and lead (0.49%) among the top three commodities. A total of 17 commodities fell on a month-on-month basis, and the first three products fell were Praseodymium neodymium oxide (- 4.35%), dysprosium ferroalloy (- 2.46%) and dysprosium oxide (- 2.45%). The average rise and fall of this week was -0.82%.