The biggest mover this week on MetalMiner’s weekly Renewables MMI® was the silicon price, with a nine percent fall.
Chinese cobalt cathodes dropped 3.5 percent over the past week, while Chinese steel plate prices fell one percent. This was the fourth week in a row of declining prices of steel plate. Following a steady week, prices for neodymium closed flat.
Japanese steel plate prices held steady from the previous week, holding above $1,000 per metric ton. Korean steel plate remained essentially flat from the previous week, and the price of Chinese steel plate fell one percent — the fourth week in a row of declining Chinese steel plate prices. The price of US steel plate fell 1.1 percent over the past week, also the fourth week in a row of declining prices.
The price of US grain-oriented electrical steel (GOES) rose 1.1 percent for 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.