According to the monitoring of the Commodity Market Analysis System of the Business Society, the East China region’s 1 # tin ingot market rose first and then fell this week (8.18-8.25). On August 25th, the average market price was 215960 yuan/ton, and on August 18th, the average market price was 213350 yuan/ton, a weekly increase of 1.22%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the monthly K-bar chart, it can be seen that after November 2022, tin prices have risen continuously for three months due to macroeconomic factors. Since February 2023, the price has dropped by 11.35% per month, and the trend of tin prices has fluctuated narrowly in the past three months. From the weekly K-bar chart, it can be seen that the tin ingot market has been rising for nine consecutive weeks and declining for four consecutive weeks in late July.

In terms of the futures market, it rose first and then fell this week. Fundamentally, there is currently a lot of news from Myanmar. The domestic market predicts that the real impact on domestic supply may be after September, and there is currently no definite news on whether there will be any other changes in the future. Yinman Mining in China will undergo technological transformation and upgrading within the year, and there may be a certain increase in the future. In terms of imports, the quantity of Indonesian imports has increased, and the tight supply at the mining end may be alleviated to some extent. In terms of demand, the terminal consumption of electronic products has always been tepid, and the semiconductor industry’s recent performance is still weak, lacking actual demand support, resulting in a weak operation of the tin market. Overall, the supply and demand in the tin market are still weak, and the market sentiment is biased towards wait-and-see. It is expected that the future market will continue to maintain a weak and volatile trend without the influence of external news. The latest developments in Myanmar’s mining ban news will continue to be monitored in the future.

On August 18th, the base metal index was 1196 points, an increase of 11 points from yesterday, a decrease of 25.99% from the highest point of 1616 points in the cycle (2022-03-09), and an increase of 86.29% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of Business Society, there were a total of 17 commodities in the non-ferrous sector that rose month on month on the commodity price rise and fall list in the 33rd week of 2023 (8.14-8.18), with antimony (2.61%), nickel (1.28%), and lead (1.21%) ranking among the top three commodities. There are three products that have decreased compared to the previous month, with cobalt (-2.30%), tin (-1.84%), and zinc (-1.22%) ranking among the top three products. This week’s average increase or decrease was 0.42%.