China report just out today reinforces my point re inventory:
China Northern Rare Earth announced prices for April, spot PrNd oxide prices strengthened
Apr 3, 2024 19:01
Source:SMM
China Northern Rare Earth kept rare earth products prices in April flat from the previous month.
China Northern Rare Earth kept rare earth products prices in April flat from the previous month. The quotations of PrNd oxide and neodymium oxide are 365,700 yuan/ton and 374,000 yuan/ton respectively; the quotations of PrNd alloy and metal neodymium are 455,000 yuan/ton and 465,000 yuan/ton respectively.
This was in line with the expectations of many industry players. From January to February, rare earth metal ores from the United States shrank by 41% year-on-year. At the same time, the price of ion ores also stopped falling and stabilized. Sellers held back cargoes, tightening the supply of rare earth products. The recent price trend of praseodymium and neodymium spot markets strengthened.
At present, the raw material inventory of magnetic material companies is still low. With the price of praseodymium and neodymium already at a low level, there is not much room for further downside. Some purchasers are more willing to replenish their inventory.
SMM predicts that in the short term, the prices of praseodymium and neodymium products will remain strong.
And so the cycle swings to the up .............
- Forums
- ASX - By Stock
- NdPR price
China report just out today reinforces my point re inventory:...
-
- There are more pages in this discussion • 492 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
$7.67 |
Change
-0.020(0.26%) |
Mkt cap ! $7.169B |
Open | High | Low | Value | Volume |
$7.72 | $7.94 | $7.50 | $23.53M | 3.062M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $7.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.68 | 16724 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 7.650 |
1 | 3000 | 7.610 |
1 | 10374 | 7.580 |
1 | 10374 | 7.570 |
2 | 13374 | 7.560 |
Price($) | Vol. | No. |
---|---|---|
7.680 | 16724 | 2 |
7.690 | 10374 | 1 |
7.750 | 750 | 1 |
7.800 | 2156 | 2 |
7.810 | 405 | 1 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |