The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 2.3 percent decline. This week marked the third in a row of declining prices for the metal.
Meanwhile, the China price of silicon declined 0.7 percent over the past week. Chinese cobalt cathodes remained essentially flat from the previous week, and the same can be said for neodymium prices.
At above $1,000 per metric ton, the week finished with no movement for Japanese steel plate. Following a steady week, prices for Korean steel plate closed flat in the mid-$900 per metric ton range. The price of Chinese steel plate fell 2.3 percent over the past week — the third week in a row of declining prices. The price of US steel plate fell 0.2 percent over the past week as well, also the third straight week of downward activity.
The price of US grain-oriented electrical steel (GOES) fell 5.8 percent at the end of last month, and will be updated before the end of next week.
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.