SunSir: Macroscopically Weak, More Non-ferrous Metals Declined and Less Non-ferrous Metals Increased in the First Half of the Year-I

Price trend

According to the data monitoring of SunSirs, in the first half of 2023, the nonferrous metal index rose first and then fell in shock. By the middle of the year, the nonferrous metal index had closed at 1,083 points, down 10.86% from 1,215 at the beginning of the month, down 29.6% from the cycle's highest point of 1,538 (2021-10-18), and up 78.4% from the lowest point of 607 on November 24, 2015. Analysts from the nonferrous industry of SunSirs pointed out that in the first half of this year, except for January and June, the nonferrous metal index rose slightly, other months declined. The main reason is that in the first half of this year, the economy was depressed as a whole, the supply was sufficient, the demand was general, and the price of nonferrous metal was difficult to improve.

According to the price monitoring of SunSirs, in the first half of 2023 (1.1-6.30), there were a total of 5 commodities that rose month on month in the non-ferrous sector of the list of commodity prices. Among them, there were 2 commodities that increased by more than 5%, accounting for 8.7% of the monitored commodities in this sector; The top three commodities with the highest increase were gold (9.44%), antimony (8.33%), and tin (4.20%). There are a total of 18 products with a month on month decrease, and 14 products with a decrease of over 5%, accounting for 60.9% of the monitored products in this sector; The top three products in the decline were neodymium oxide (-37.99%), metallic neodymium (-36.75%), and praseodymium neodymium oxide (-36.62%). The average increase and decrease for the half year was -14.23%.

In the first half of the year, the non-ferrous sector saw a decline in all sectors except for gold, with the base metals sector falling by 9.3% and rare earth sectors falling by 31.6%.

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