Chinese Steel Plate Price Drops on Weekly Renewable Energy Metals Index

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This past week, Chinese steel plate dropped 1.7 percent on the weekly Renewables MMI®, representing the week’s biggest mover.

At below $36,000 per metric ton, the price of Chinese cobalt cathodes did not change since the previous week. Prices for silicon remained constant, closing the week above $2,000 per metric ton. Following a steady week, prices for neodymium closed flat.

At just north of $1,000 per metric ton, the week finished with no movement for Japanese steel plate. Korean steel plate prices held steady from the previous week, while the price of US steel plate fell 1.1 percent over the past week — the fourth week in a row of declining prices.

The price of US grain-oriented electrical steel (GOES) rose 1.1 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.

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