Renewables MMI®: Week Closes on a Downturn for Silicon

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Silicon dropped to CNY 13,600 ($2,165) per metric ton making it the biggest mover on the Renewables MMI® this week, after shifting 8.1 percent. Chinese cobalt cathodes saw a two percent decline over the past week to CNY 245,000 ($39,016) per metric ton. Chinese steel plate fell 0.8 percent over the past week to CNY 4,810 ($766) per metric ton. Neodymium traded sideways last week, hovering around CNY 715,000 ($113,864) per metric ton.

Japanese steel plate remained essentially flat from the previous week at JPY 80,000 ($998) per metric ton. Following a steady week, prices for Korean steel plate closed at KRW 1.1 million ($964) per metric ton. Chinese steel plate prices were off slightly at CNY 4,810 ($766) per metric ton, down from CNY 4,850 ($769) a week ago. The price of US steel plate rose 0.2 percent to $921 per short ton after falling 0.5 percent during the previous week.

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.

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