Ironically low prices are a function of OVER supply, with the bulk of excess material coming from "illegals" in the cash economy outside the quota system.
China gradually getting control over the black side of domestic RE but the current weak demand is masking the impact, and causing fierce competition among the major producers.
Stronger demand 2020 would quickly result a more sustainable up move in prices.
LYC Price at posting:
$2.32 Sentiment: Buy Disclosure: Held
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