Producers have been selling at "cabbage" prices, chasing mkt share, now they've caught the MSC with the cupboard bare.
Mag makers have generally been reporting strong earnings, interestingly this one attributed largely to Wind Gen:
"Jinli permanent magnets revenue of 359 million yuan in the first quarter of 2019, an increase of 36.84%; net profit attributable to shareholders of listed companies was 26.3591 million yuan, an increase of 8.64%.
Jinli Permanent Magnet said that the increase in operating income during the reporting period mainly benefited from the growth of domestic wind power industry demand and the growth of the company's overseas wind power business. As a result, revenue in the wind power sector increased by more than 150% compared with the same period of last year, and sales in the fields of new energy vehicles and auto parts."
RE producers want their share, unlikely they'd pitch if they didn't think underly growth was in support.
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B |
Open | High | Low | Value | Volume |
$7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | $7.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.61 | 6808 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | 7.570 |
1 | 11246 | 7.560 |
6 | 38066 | 7.550 |
2 | 16385 | 7.540 |
2 | 20557 | 7.530 |
Price($) | Vol. | No. |
---|---|---|
7.610 | 6808 | 1 |
7.620 | 15790 | 6 |
7.630 | 15744 | 2 |
7.640 | 35166 | 3 |
7.650 | 21186 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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