After drifting 4.2 percent, Chinese steel plate won out as the biggest mover on the weekly Renewables MMI® this week.
The price of silicon dropped 2.1 percent this week, closing out the third consecutive week of falling prices. Chinese cobalt cathodes fell 0.9 percent over the past week as well. Neodymium prices remained unchanged for the week.
The week finished with no movement for Japanese steel plate. Korean steel plate prices held steady from the previous week at below $1,000 per metric ton. The past week saw Chinese steel plate close with a 4.2 percent decline. The price of US steel plate fell 1.2 percent over the past week as well. This was the fourth week in a row of declining prices.
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.