Have to reemphasise that thee are spot prices, seems that the Chinese market has split in two between the smaller enterprises and the major manufacturers. Some having order books full for the next 4 months. Following is an extract from todays SMM news wire
According to an SMM survey, the current downstream magnetic material enterprises' order prices converted to Pr-Nd alloy prices are roughly 480,000-490,000 yuan/mt. However, some small magnetic material enterprises have poor order reception, with some not even fully booked for December. In contrast, top-tier enterprises have a more optimistic order situation, with one top-tier enterprise revealing that its production schedule is already planned until March next year.
LYC Price at posting:
$6.58 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)