Silicon’s 6.2 percent decline made it this week’s biggest mover on the Renewables MMI®, closing at CNY 13,600 ($2,151) per metric ton. The price of Chinese cobalt cathodes declined two percent over the past week, settling at CNY 245,000 ($38,754) per metric ton. At CNY 715,000 ($113,099) per metric ton, the price of neodymium did not change since the previous week. Chinese steel plate remained essentially flat from the previous week at CNY 4,810 ($760) per metric ton.
Closing at JPY 80,000 ($1,009) per metric ton, Japanese steel plate remained unchanged for the week. Korean steel plate traded sideways last week, hovering around KRW 1.1 million ($940) per metric ton. Chinese steel plate prices held steady from the previous week at CNY 4,810 ($760) per metric ton. After a 1.2 percent decline, US steel plate closed out the week at $900 per short 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.