This week, the spot tin market price (2.17-2.24) fluctuated in the market and went down as a whole. The average price of the domestic market was 214360 yuan/ton at the end of last week and 211410 yuan/ton at the end of this week, down 1.38%.

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.

In the futures market, the trend of the futures market this week was somewhat volatile. In the macro aspect, the Federal Reserve continued to raise interest rates. The Fed’s statement on Tuesday made the market worried about raising interest rates increase. The metal market was generally under pressure. The price of Shanghai Tin fluctuated more frequently during the week.

In terms of the spot market, the market trend this week was basically consistent with that of the Shanghai Tin Exchange, with frequent fluctuations in the week and overall downward trend. The price fluctuation is obvious. The market trading in the week is slightly cold, and the market wait-and-see atmosphere is strong. After Monday’s fall, the market has some bargain-hunting. On the supply side, the smelter is currently operating steadily, but the price fluctuation in the week has made the manufacturers have a strong attitude of price fixing. In terms of demand, with the lower tin price, the mentality of replenishment in the downstream is gradually rising. It is common for the market to seek bargains to replenish the stock. The overall social inventory declines, and the market just needs to remain. On the whole, the demand for loose supply is weak. In the future, the tin market is expected to remain stable and weak. It is necessary to focus on the recovery of downstream demand and the impact of macroeconomic policies on the market mentality.

The base metal index stood at 1260 points on February 26, unchanged from yesterday, down 22.03% from the highest point of 1616 points in the cycle (2022-03-09), and up 96.26% from the lowest point of 642 points on November 24, 2015. (Note: the period refers to 2011-12-01 to now).

According to the price monitoring of the Business News Agency, there were 9 commodities in the non-ferrous sector in the list of commodity prices rising and falling in the 8th week of 2023 (2.20-2.24), with cobalt (2.58%), tin (1.51%) and zinc (0.77%) among the top three commodities. There were 9 commodities that fell on a month-on-month basis, and the first three products were neodymium oxide (- 4.61%), neodymium metal (- 3.72%) and dysprosium ferroalloy (- 2.90%). The average rise and fall of this week was -0.54%.