The biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 5.4 percent decline. This comes on the heels of a 4.6 percent increase the week before.
Chinese cobalt cathodes traded sideways last week, hovering under $35,000 per metric ton. Following a steady week, prices for silicon closed flat above $1,900 per metric ton. The week finished with no movement for neodymium prices.
Japanese and Korean steel plate prices remained essentially flat from the previous week, while US steel plate prices were off slightly, dropping one dollar per metric ton from a week ago.
The price of US grain-oriented electrical steel (GOES) rose 2.4 percent this month. Look for an updated GOES price on the MetalMiner IndX℠ before the end of the 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.