The week’s biggest mover on the weekly Renewables MMI® was the price of US steel plate, which saw a 0.5 percent decline. This week marked the third in a row of declining prices for the metal. Closing under $975 per metric ton, Korean steel plate remained unchanged for the week. Following a steady week, prices for Japanese steel plate closed flat.
Chinese renewables prices were flat for the week. Prices for Chinese cobalt cathodes remained constant, closing the week in the mid-$37k range per metric ton. The price of silicon did not change since the previous week. Neodymium remained essentially flat from the previous week at the $112,000 – $114000 per metric ton range. The price of Chinese steel plate did not change since the previous week.
The price of US grain-oriented electrical steel (GOES) fell 5.8 percent this month.
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.