This week, the spot tin market price (3.10-3.17) fluctuated in the market, and the overall downward trend. The average price in the domestic market was 187010 yuan/ton at the end of last week and 183910 yuan/ton at the end of this week, down 1.66% for the week.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price changes in the form of a histogram. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates: rising; Green indicates a decline; The height of the K column indicates the range of fluctuation. From the above figure, it can be seen that after November 2022, due to macro factors, tin prices have generally been dominant, with prices beginning to decline since February.

In terms of the futures market, Lunxi experienced a wide range of fluctuations this week. During the current cycle, there were many negative and positive market macro factors, and the overall trend of the week was somewhat volatile. At the beginning of the week, the US dollar index fell, and the metal market fluctuated in a narrow range. In the middle and later stages of the week, the banking crisis and credit crisis fermented, and the metal market declined. Tin prices rebounded again over the weekend as expectations for US monetary policy eased.

From the perspective of supply and demand, recent changes in tin have been limited, and it still shows a weak pattern of supply and demand. In terms of supply, recent processing costs have been weak, but the smelter has been operating steadily, and the overall tin supply has not changed much compared to the previous period. In terms of demand, there is still no significant improvement, and market expectations are generally weak. The recent fluctuations in tin prices have mainly followed the macro trend, with inventory declining significantly this week. Low inventory has boosted tin prices significantly on Friday. In the future, the tin market remains weak and volatile, and it is necessary to focus on the actual downstream demand and the impact of inventory changes on market sentiment.

The base metal index stood at 1191 points on March 18, unchanged from yesterday, down 26.30% from its cycle high of 1616 points (2022-03-09), and up 85.51% from its low of 642 points on November 24, 2015. (Note: The cycle refers to 2011-12-01 to now).

According to the price monitoring by the Business News Agency, in the 11th week of 2023 (3.13-3.17), there were five commodities in the non-ferrous sector that rose on a month-on-month basis. The top three commodities that rose were titanium concentrate (3.19%), silver (2.60%), and gold (1.84%). There are 17 commodities with a year-on-year decrease, and 5 commodities with a decrease of more than 5%, accounting for 21.7% of the monitored commodities in this sector; The top three products falling were praseodymium neodymium alloy (- 6.29%), neodymium oxide (- 6.20%), and praseodymium neodymium oxide (- 5.91%). This week’s average rise and fall was -1.69%.