Baoshan Nanhong Market Analysis Report Q2 2024

I. Market Overview and Price Data

In the second quarter of 2024, the Baoshan Nanhong market generally showed a steady upward trend, especially for high-quality and distinctive materials, where market activity was higher. Influenced by stricter production area policies and the increasing scarcity of high-quality raw stones, the collection and investment value of Baoshan Nanhong have become more prominent.

Price Range and Fluctuation:

* Ordinary Grade (Persimmon Red, Cherry Red): Raw stone prices range from 800-3000 RMB/gram, finished products (bead strings, carvings) from 100-500 RMB/gram. Prices were relatively stable this quarter, with a quarter-on-quarter increase of about 2-5%.
* Mid-to-High Grade (Brocade Red, Rose Red): Raw stone prices range from 3000-15000 RMB/gram, finished products (bead strings, carvings) from 500-2000 RMB/gram. Prices rose steadily this quarter, with a quarter-on-quarter increase of about 5-10%.
* Collector's Grade (Full-flesh Persimmon Red, Ice Float, Frozen Material): Raw stone prices range from 15000-50000 RMB/gram, or even higher, finished products (exquisite carvings, bracelets) from 2000-8000 RMB/gram, with some top-tier pieces exceeding 10,000 RMB/gram. Prices showed a significant increase this quarter, with a quarter-on-quarter rise of 10-20%, and some rare categories saw even higher increases.

Trading Volume:

The total trading volume in the Baoshan Nanhong market in Q2 was approximately 150 million RMB, a quarter-on-quarter increase of about 15%. Online trading platforms (e.g., live streaming, e-commerce) accounted for about 60% of the turnover, while offline physical stores and exhibitions accounted for about 40%. Mid-to-high grade and collector's grade products accounted for over 70% of the turnover, indicating the market's pursuit of high-quality products.

II. Market Trend Analysis and Forecast

  • Prominent Trend Towards Refinement and Scarcity: With the depletion of high-quality raw stone resources, market demand for high-quality, full-flesh, crack-free, and pure-colored Baoshan Nanhong continues to be strong. In the future, prices for fine materials will continue to rise.

  • Enhanced Carving Art Value: Excellent carving craftsmanship can significantly increase the added value of Nanhong. The market's recognition of works by renowned carvers is growing, and artistic value will be an important factor influencing prices.

  • Cultural Attributes and Brand Building: Consumers are increasingly concerned about the cultural connotations and origin traceability of Nanhong. Branding and storytelling marketing strategies will help increase product premiums.

  • Continued Active Online Trading: Emerging channels such as live streaming and short video marketing will continue to dominate the market, providing consumers with more convenient purchasing options and increasing market transparency.

  • Future Forecast: It is expected that the Baoshan Nanhong market will continue to maintain steady growth in the next six months. Prices for ordinary grade products will stabilize, while prices for mid-to-high grade and collector's grade products still have 10-25% room for appreciation. Special materials such as ice float and frozen material, due to their unique beauty, will continue to attract market attention.


III. Price Comparison of Different Quality Grades

| Quality Grade | Raw Stone Price (RMB/gram) | Finished Product Price (RMB/gram) | Key Characteristics |
| :--------------- | :------------------------- | :------------------------------- | :---------------------------------------------------------------------------------- |
| Ordinary Grade | 800-3000 | 100-500 | Lighter color, some impurities or cracks, mainly persimmon red or cherry red |
| Mid-to-High Grade | 3000-15000 | 500-2000 | Rich color, relatively full flesh, few impurities or cracks, brocade red, rose red |
| Collector's Grade | 15000-50000+ | 2000-8000+ | Full flesh, no cracks, pure color, warm texture, ice float, frozen material, etc. |

IV. Investment Advice

  • Focus on Quality and Scarcity: When investing in Baoshan Nanhong, prioritize selecting high-quality pieces with pure color, full flesh, no cracks or impurities, and exquisite craftsmanship. Especially full-flesh persimmon red, brocade red, and distinctive ice float and frozen material, which have greater potential for value preservation and appreciation.

  • Emphasize Carving Craftsmanship: For carved pieces, works by renowned artists or those with unique artistic styles have greater added value and future appreciation potential. Choose pieces with fine carving and auspicious meanings.

  • Beware of "Optimization" and "Counterfeiting": The market contains Nanhong treated with dyeing, glue injection, and other optimization processes, as well as imitations. When purchasing, always choose reputable merchants and request authoritative appraisal certificates.

  • Long-Term Holding Strategy: As a non-renewable resource, the value of Nanhong will continue to increase as resources become scarcer. Investors are advised to adopt a long-term holding strategy to avoid short-term speculation.

  • Diversified Investment: Investors are advised to appropriately diversify their investments across different categories and grades of Nanhong, if conditions permit, to mitigate risks.


Summary: The Baoshan Nanhong market performed strongly in the second quarter of 2024, with a growing trend towards refinement and artistic value. For collectors and investors, now is a good time to select high-quality Baoshan Nanhong, but careful discernment and rational investment are essential.