A 1.2 percent decline in US steel plate made it the biggest mover of the week, closing at $741.00 per short ton on the weekly Renewables MMI®. Korean steel plate traded sideways last week, hovering around KRW 1.1 million ($1,024) per metric ton. Closing at JPY 80,000 ($953.27) per metric ton, Japanese steel plate remained unchanged for the week.
Chinese renewables prices were mixed for the week. Silicon prices ticked up 1.2 percent over the past week to CNY 12,950 ($2,075) per metric ton. Chinese cobalt cathodes remained essentially flat from the previous week at CNY 209,000 ($33,485) per metric ton. At CNY 480,000 ($77,089) per metric ton, the price of neodymium did not change since the previous week. Chinese steel plate prices held steady from the previous week at CNY 4,150 ($664.89) per metric ton.
The price of US grain-oriented electrical steel (GOES) fell 7.1 percent this month to $3,235 per short ton.
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.