After falling 1.1 percent, US steel plate was the week’s biggest mover on the Renewables MMI®. The US grain-oriented electrical steel (GOES) price remained essentially flat from the previous week. Closing just above $950 per metric ton, Korean steel plate remained unchanged for the week. Japanese steel plate prices held steady from the previous week at just above $1,000 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. Prices for Chinese cobalt cathodes remained constant, closing the week at above $39,500 per metric ton. Neodymium remained unchanged for the week. Prices for Chinese steel plate remained constant, closing the week between $750-775 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.