The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 4.5 percent increase to CNY 4,370 ($701.26) per metric ton. This week marked the third in a row of rising prices for the metal. At CNY 209,000 ($33,539) per metric ton, the week finished with no movement for Chinese cobalt cathodes. Silicon traded sideways last week, hovering around CNY 13,000 ($2,086) per metric ton. Prices for neodymium remained constant, closing the week at CNY 455,000 ($72,967) per metric ton.
Japanese steel plate prices held steady from the previous week at JPY 80,000 ($922.32) per metric ton. Korean steel plate remained essentially flat from the previous week at KRW 1.1 million ($1,026) per metric ton. The price of US steel plate increased by a slight 1.1 percent over the past week to $749.00 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.