The beginning of the week started out exciting with REE going up. Rest of week was quite. Again another week with no change in magnet or concentrate prices. Nd Metal ended up 20 RMB at 1055 which may mean a little more demand from Magnet makers. Still the difference from oxides to metals remains just under 22% for all products. The metal makers are losing money on this! If anyone can look at these charts and say these price rises are demand driven I would realy like an explanation about what they see. Or data that shows it is Demand. Supply is down at Lynas for reasons we all know and SMM publishes about one article a week of how disruptive power problems are to all the metal industries. Both of these will be fixed Prices will drop. they will stay above where Lynas can make very good money. A drop of 25% to 40 % sounds reasonable. Hopefully Lynas return to normal by midspring. ahead of China and see the potential of good shipments before China returns to full production. From my reading China should be at higher capacity by May
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Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12848 | $6.39 |
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Price($) | Vol. | No. |
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$6.40 | 17965 | 2 |
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No. | Vol. | Price($) |
---|---|---|
4 | 13569 | 6.370 |
5 | 40099 | 6.360 |
3 | 35886 | 6.350 |
3 | 2796 | 6.340 |
4 | 4749 | 6.330 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 27729 | 2 |
6.420 | 13572 | 4 |
6.430 | 9909 | 1 |
6.440 | 9909 | 1 |
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