LYC 0.38% $2.61 lynas corporation limited

China exports down?

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    Lots of articles on how much china exports are down. I will admit there actions only started mid may. I also know that the only action they took was not to fill the spot orders. All existing contracts are being honered. Just a guess but could the price run up be panick buying to protect against future actions. When prices fall it is natural to destock inventory. Could some off this price runup be rebuilding of protecteve inventories. If so than any setalment will result in preety rapid price declines. Lynas will have a great Q 4 because of the with held product early in Q which they have now sold. The chart is from http://newmat.chinaiol.com/xtcl/t/0611/98211500.html

    Affected by the trade war, China exported 3639.5 tons of rare earths in May 2019, a sharp decrease of 689 tons from April, a decrease of 15.9% from the previous month and a decrease of 18.1% from the same period last year.

    In terms of export value, China’s export rare earth amount in May 2019 was US$35.2 million , a decrease of US$5.7 million from April, a decrease of 13.9% from the previous month and a decrease of 18.9% from the same period last year.

    In terms of average export prices , the average price of China's rare earth exports in May 2019 was US$9671.7/ton , an increase of US$223.6/ton from April, an increase of 2.4% from the previous month and a decrease of 18.9% from the same period last year.

 
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