In December 2022, the domestic 1 # tin ingot market rose in shock. The average price of the domestic market was 186910 yuan/ton at the beginning of the month and 205410 yuan/ton at the end of the month, up 9.9% month on month.

On December 28, the nonferrous index stood at 1219 points, up 10 points from yesterday, down 20.74% from 1538 points (2021-10-18), the highest point in the cycle, and up 100.82% from 607 points, the lowest point on November 24, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

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 monthly K-bar chart that the tin price has mainly declined in the past six months, with a large decline of -18.54% in May and -22.32% in June. From the weekly K-bar chart, we can see that the lead price has fallen more or less recently, and the overall decline.

In terms of the spot market, the overall volatility rose this month. At the end of the year, 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.