Renewables MMI®: Chinese Steel Plate Falls 3% for the Week

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The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 3.0 percent decline to CNY 4,240 ($680.49) per metric ton. This comes on the heels of a 4.5 percent increase the week before. Chinese cobalt cathodes traded sideways last week, hovering around CNY 209,000 ($33,543) per metric ton. Prices for silicon remained constant, closing the week at CNY 13,000 ($2,086) per metric ton. At CNY 455,000 ($73,025) per metric ton, the price of neodymium did not change since the previous week.

Following a steady week, prices for Japanese steel plate closed flat at JPY 80,000 ($916.73) per metric ton. At KRW 1.1 million ($1,035) per metric ton, the week finished with no movement for Korean steel plate. Following a 4.5 percent increase in the week prior, the price of Chinese steel plate fell 3.0 percent last week to CNY 4,240 ($680.49) per metric ton. Closing at $749.00 per short ton, US steel plate remained unchanged for the week.

The price of US grain-oriented electrical steel (GOES) coil stands at $3,235 per metric 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.

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