Prices continue to fall. For thefirst time in over 8 month Pr fell Friday 12.5 RMB 3.14 %
Nd took another tumble of 5 RMB or1.68%total for week 14RMB or 4.6%
For ND that is 20 RMB for last 90days or 6.5%
This is unlikely to affect H2 muchat all.It will have an impact on profits in H1 2020 I do not know how large of a PE Lynas can support but price drops like this will have a very negative impact of Lynas profits and eventually the SP.
This also says that the recentdrop in VAT taxes is being passed to customers.Not being retained as profits by Chinese companies. Long term this will hurt Lynas profits.
https://news.metal.com/newscontent/100879916/China-to-cut-manufacturing-VAT-by-3-percentage-points/
As companies mature current profits and expected profits for the next year become the primary focuse of investors.
Nd down 3% in two days., page-2
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$6.76 |
Change
-0.045(0.66%) |
Mkt cap ! $6.552B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.89 | $6.72 | $5.249M | 774.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 5014 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.76 | 8382 | 18 |
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| LYC (ASX) Chart |
