This week, the spot tin market price (12.16-12.23) rose in shock. The average price in the domestic market was 191210 yuan/ton last weekend and 196910 yuan/ton this weekend, with a weekly increase of 2.98%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the figure above that tin prices will rise continuously after November 2022 due to macro factors.

Futures market situation this week

Variety/ Closing price/ Compared with the same period last week/ Inventory (ton)/ Change in inventory compared with last week (t)

Shanghai Wuxi/ 196550 yuan/ton/+ 5440 yuan/ton/ 4901./-995

London tin/ US $23940/ton/+ 340 USD/ton/ 2855./-35

In terms of futures market, Shanghai and Wuxi saw strong shocks this week, with a weekly rise of about 2.9%. On Wednesday, the news that the central bank strengthened the implementation of prudent monetary policy boosted the market, and Shanghai Tin rose.

In terms of the spot market, the overall operation was at a high level this week. At present, the manufacturer’s quotation is more cautious, and some enterprises have a strong price mentality. Affected by higher prices, the overall market trading is average. In terms of fundamentals, the domestic market as a whole has not changed much, which still shows loose supply and weak demand. Recently, the output of the refinery has increased slightly, and the market supply is loose. At present, the downstream procurement intention is still on demand, and the actual market demand has little change. Although the holiday is approaching, the goods preparation before the holiday is average. The business agency expects that the tin price in the future will be mainly weak in the long run, but will still be affected by the macro in the short run, maintaining a wide range of shocks.

On December 25, the non-ferrous index stood at 1200, unchanged from yesterday, 21.98% lower than the cycle’s highest point of 1538 (2021-10-18), and 97.69% higher than the lowest point of 607 on November 24, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

According to the price monitoring of the business community, there are 15 kinds of commodities in the nonferrous metal sector in the list of commodity price rises and falls in the 51st week of 2022 (12.19-12.23), with nickel (3.25%), dysprosium (2.91%) and silver (2.74%) in the top three. There were five kinds of commodities with a month on month decline, and the top three products with a decline were zinc (-2.65%), metal silicon (-1.48%) and electrolytic manganese (-0.57%). This week, the average rise or fall was 0.7%.