After falling 1.1 percent, US steel plate landed at $911 per short ton and making it the week’s biggest mover on the Renewables MMI®. US grain-oriented electrical steel (GOES) remained essentially flat from the previous week at $3,704 per short ton. Closing at KRW 1.1 million ($958) per metric ton, Korean steel plate remained unchanged for the week. Japanese steel plate prices held steady from the previous week at JPY 80,000 ($1,002) per metric ton.
Chinese renewables prices were mixed for the week. The price of silicon dropped 0.7 percent this week, closing out the third consecutive week of falling prices at CNY 14,500 ($2,293) per metric ton. Prices for Chinese cobalt cathodes remained constant, closing the week at CNY 250,000 ($39,541) per metric ton. Closing at CNY 715,000 ($113,089) per metric ton, neodymium remained unchanged for the week. Prices for Chinese steel plate remained constant, closing the week at CNY 4,810 ($760) per metric ton.
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.