US steel plate dropped 0.5 percent on the Renewables MMI®, landing at $919 per short ton and making it the week’s biggest mover on the index. At $3,895 per short ton, the price of US grain-oriented electrical steel (GOES) did not change since the previous week. Closing at KRW 1.1 million ($967) per metric ton, Korean steel plate remained unchanged for the week. At JPY 80,000 ($986) per metric ton, the week finished with no movement for Japanese steel plate.
Chinese renewables prices were flat for the week. Chinese cobalt cathodes remained essentially flat from the previous week at CNY 250,000 ($39,653) per metric ton. Silicon prices held steady from the previous week at CNY 14,700 ($2,331) per metric ton. Following a steady week, prices for neodymium closed flat at CNY 715,000 ($113,408) per metric ton. At CNY 4,850 ($769) per metric ton, the week finished with no movement for Chinese steel plate.
The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.