Baoshan Nanhong Market Analysis Report Q2 2024

Baoshan Nanhong Market Analysis Report Q2 2024

I. Market Overview

In the second quarter of 2024, the Baoshan Nanhong market generally showed a steady upward trend. Prices for high-end exquisite materials remained strong, while the market for mid-to-low-end materials performed stably. Influenced by the macroeconomic environment and changes in consumer preferences, both awareness and demand for Baoshan Nanhong have increased, especially for collector-grade and investment-grade rough stones and carvings, whose rarity and artistic value have been further recognized. The rise of live e-commerce and short video platforms has also provided new channels for the circulation of Baoshan Nanhong, expanding market coverage.

II. Price Data Analysis

The price ranges for various grades of Baoshan Nanhong in this quarter are as follows:

* High Quality (Persimmon Red, Brocade Red, Cherry Red, crack-free, few impurities, fine texture, full color): Rough stone prices range from 2000-8000 CNY/gram, and exquisite carving prices range from 5000-20000 CNY/gram, or even higher. Some extremely rare collector-grade carvings can reach tens of thousands of CNY/gram.
* Medium Quality (Good color, minor cracks or impurities, decent texture): Rough stone prices range from 500-2000 CNY/gram, and carving prices range from 1000-5000 CNY/gram.
* Ordinary Quality (Lighter color, more cracks, obvious impurities, general texture): Rough stone prices range from 100-500 CNY/gram, and carving prices range from 200-1000 CNY/gram.

Price Fluctuations:

* High-quality materials: Increased by approximately 5%-10% quarter-on-quarter and 15%-25% year-on-year. This is mainly driven by scarcity and increased demand for collection and investment.
* Medium-quality materials: Remained largely stable or slightly increased by 1%-3% quarter-on-quarter, and increased by approximately 5%-10% year-on-year. Market demand is stable, but the increase is limited.
* Ordinary-quality materials: Remained largely stable or slightly decreased by 2%-5% quarter-on-quarter, and remained largely stable year-on-year. Supply is relatively abundant, and price competition is fierce.

Trading Volume:

The overall trading volume of Baoshan Nanhong in this quarter increased by approximately 10%-15% compared to the previous quarter. Among them, online trading platforms (such as live streaming, Weipaitang, etc.) saw significant growth in trading volume, while offline physical stores and exhibitions also maintained steady growth. Trading activity for high-quality rough stones and exquisite carvings was particularly high.

III. Market Trend Analysis and Forecast

• Trend towards refinement and high-end products is evident: Demand for high-quality Baoshan Nanhong remains strong, and prices for exquisite materials are expected to continue rising in the future. Consumers' understanding of Nanhong is deepening, and they are paying more attention to its naturalness, integrity, color, and texture consistency.


• Origin traceability and authenticity verification are gaining attention: As the market expands, counterfeit products occasionally appear. Consumer demand for origin traceability and authoritative appraisal certificates is increasing, which will lead to a more standardized market.


• Increased cultural added value: Excellent carving craftsmanship and cultural connotations will further enhance the added value of Baoshan Nanhong. Artworks with unique design concepts and exquisite carving techniques will be more favored.


• Integration of online and offline development: Online live streaming, short videos, and other new media channels will continue to play an important role as key sales and promotion platforms. At the same time, offline exhibitions and physical stores remain important venues for consumers to experience and purchase high-end products.


• Future forecast: The Baoshan Nanhong market is expected to maintain steady growth in the coming year. Prices for high-quality and rare varieties will continue to rise, while the mid-to-low-end market will remain stable. However, investors need to be wary of market speculation risks and invest rationally.

| Quality Grade | Rough Stone Price (CNY/gram) | Carving Price (CNY/gram) | Description |
| :------------ | :--------------------------- | :----------------------- | :---------- |
| High Quality | 2000-8000+ | 5000-20000+ | Persimmon Red, Brocade Red, Cherry Red, crack-free, few impurities, fine texture, full color, collector/investment grade |
| Medium Quality | 500-2000 | 1000-5000 | Good color, minor cracks or impurities, decent texture, wearable/play grade |
| Ordinary Quality | 100-500 | 200-1000 | Lighter color, more cracks, obvious impurities, general texture, entry-level grade |

V. Investment Advice

• Prioritize high-quality exquisite pieces: For investors, the focus should be on high-quality Baoshan Nanhong with pure colors like persimmon red and brocade red, fine texture, and no cracks or impurities. These products have strong potential for value preservation and appreciation.


• Pay attention to carving craftsmanship and cultural connotations: Excellent carving works not only enhance the artistic value of Nanhong but also increase its market competitiveness. Choosing works by renowned carvers or those with unique cultural meanings will result in higher collection value.


• Emphasize origin traceability and authoritative appraisal: When purchasing, always request an authoritative appraisal certificate and try to understand its origin information to ensure that you are buying genuine Baoshan Nanhong and avoid counterfeit products.


• Hold long-term, invest rationally: The value growth of Nanhong is a long-term process, and it is not advisable to blindly pursue short-term profits. Investors should have a long-term holding mindset and make rational judgments about market fluctuations.


• Beware of market speculation: There may be some over-speculation in the market. Investors should remain clear-headed, avoid blindly following trends, and invest according to their financial strength and risk tolerance.


• Learn and communicate through multiple channels: Actively participate in industry exchanges, learn from experienced collectors and experts, and improve your appreciation and market judgment skills.