Chinese steel plate saw a 4.4 percent drop-off this week to end at CNY 4,600 ($726) per metric ton, making it the biggest mover on the Renewables MMI® this week. After drifting 2 percent, Chinese cobalt cathodes dropped to CNY 24,500 ($3,869) per metric ton. The price of silicon fell 1.5 percent over the past week to CNY 13,400 ($2,116) per metric ton. This was the third week in a row of declining prices. Neodymium traded sideways last week, hovering around CNY 715,000 ($112,929) per metric ton.
At JPY 80,000 ($1,007) per metric ton, the week finished with no movement for Japanese steel plate. Prices for Korean steel plate remained constant, closing the week at KRW 1.1 million ($944) per metric ton. Chinese steel plate prices fell to CNY 4,600 ($726) per metric ton, down from CNY 4,810 ($760) a week ago. US steel plate fell 0.8 percent over the past week to $893 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.