"heavy rare earth oxides
Dysprosium oxide 3 Yuefen mainstream market average price of122.59 Wanyuan / ton, compared with 2 month 120.56 Wanyuan / up tons of 1.68% ; dysprosium iron 3 Yuefen mainstream market average price of 124.96 Wanyuan / ton, 2 February 122.56 Wanyuan / Ton up 1.95% ".
DyO managed to jump from $175kg to $178kg during March, but Govt had to put 450t, six months demand, into stockpile in support.
Looks like Japan may have finished adding Dy to stockpile post August 2015 price crash, if so we'll see a return to the actual ROW demand levels < 15tpa reported 2013/14. Average < one tonne pm YTD would support that concept, stay tuned.
Just for clarity, in 2013, 2014 & 2015 H1 China exported just over one tonne DyO each month on average. Post mark down crash to commodity value < $200kg exports rose to an average of +6 tonne per month, annualising 70/80t, largely to Japan which suggests additions to their Critical Metals storage well over previous consumption rates.
YTD data, average < one tonne per month suggests Japan is now purchasing at consumption rates circa 2013/14 levels.
NTU Price at posting:
12.5¢ Sentiment: Sell Disclosure: Held
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