Diamond Foods trades to HoD on increased volume; Hearing move attributed to chatter related to potential Einhorn stake
EURUSD teinud hetke seisuga uueks päevasiseseks põhjaks $1,2944, kus kaubeldi viimati selle aasta jaanuaris.
MCP täna taas tugeva müügisurve all ja selle põhjuseks JPM negatiivne kommentaar, millega analüütikud kärbivad MCP prognoose ja ka hinnasihti $ 57 pealt $ 39 peale.
Põhjuseks eelkõige Hiina teadaanne haruldaste muldmetallide ekspordikvootide suurendamine 2012. aastaks. Kvoodid pandi paika terveks aastaks (tavaliselt on Hiina pannud kvoodid paika ainult pooleks aastaks) ja alates 2005. aastast pole Hiina eksporti suurendanud.
Sellest tulenevalt surve muldmetallide hindadele jätkub.
Lowering Estimates and Reducing PT to $39 on Lower Rare Earth
We are lowering our estimates and reducing our price target for MCP to $39 from $57. The decreases reflect our belief that the new Chinese export quotas announced today for 2012, coupled with ramping production
from Molycorp and Lynas, will put additional downward pressure on rare earth prices. We also believe that China’s announcing a full-year quota (instead of its previous practice of issuing quotas in half-year installments) takes away a potential catalyst for MCP as China will not be able (unless it were to alter the current plan for 2012) to lower the quotas in the second half of the year.
Aktsia hetkel kauplemas ligi 11% miinuspoolel, $ 25 taseme kandis.
Põhjuseks eelkõige Hiina teadaanne haruldaste muldmetallide ekspordikvootide suurendamine 2012. aastaks. Kvoodid pandi paika terveks aastaks (tavaliselt on Hiina pannud kvoodid paika ainult pooleks aastaks) ja alates 2005. aastast pole Hiina eksporti suurendanud.
Sellest tulenevalt surve muldmetallide hindadele jätkub.
Lowering Estimates and Reducing PT to $39 on Lower Rare Earth
We are lowering our estimates and reducing our price target for MCP to $39 from $57. The decreases reflect our belief that the new Chinese export quotas announced today for 2012, coupled with ramping production
from Molycorp and Lynas, will put additional downward pressure on rare earth prices. We also believe that China’s announcing a full-year quota (instead of its previous practice of issuing quotas in half-year installments) takes away a potential catalyst for MCP as China will not be able (unless it were to alter the current plan for 2012) to lower the quotas in the second half of the year.
Aktsia hetkel kauplemas ligi 11% miinuspoolel, $ 25 taseme kandis.