Smuggling is IMO at or close to China domestic prices.
6.13 = 1US$, so RMB 29,000/mt for cerium oxide = $472.72 or $4.72 per KG. Or 37% below FOB price.
Even allowing for 15% export duty and shipping and insurance this is a huge discount. The Chinese market is weak currently and thus one can assume more product is attempting to find its way out of China due to the leverage of the FOB pries.
Latest news of which is.
SHANGHAI, May 27 (SMM) – Prices for some rare earth products slipped during the past week with demand still weak.
Prices were RMB 30,000/mt for lanthanum oxide, RMB 29,000/mt for cerium oxide, RMB 367,500/mt for praseodymium oxide, RMB 275,000/mt for neodymium oxide, RMB 262,500/mt for didymium oxide, RMB 4,150/kg for europium oxide, RMB 1,475/kg for dysprosium oxide, RMB 125,500/mt for gadolinium oxide, RMB 65,500/mt for cerium misch metal, RMB 352,500/mt for praseodymium-neodymium alloy and RMB 1,525,000/mt for dysprosium-iron alloy.
Trading for rare earth products remained quiet last week, and most cargo holders reflected poor orders given depressed demand. Thus, prices for rare earth products fell, and downstream buyers were still unwilling to purchase despite lower prices.
- Forums
- ASX - By Stock
- bad feeling
Smuggling is IMO at or close to China domestic prices. 6.13 =...
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.77 |
Change
0.050(0.65%) |
Mkt cap ! $7.262B |
Open | High | Low | Value | Volume |
$7.84 | $8.00 | $7.72 | $23.21M | 2.965M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5660 | $7.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 8759 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2822 | 7.720 |
2 | 8515 | 7.710 |
5 | 11337 | 7.700 |
2 | 35705 | 7.690 |
1 | 8315 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.770 | 8759 | 3 |
7.780 | 8315 | 1 |
7.790 | 8315 | 1 |
7.800 | 10203 | 2 |
7.830 | 1284 | 1 |
Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online