The week’s biggest mover on the weekly Renewables MMI® was silicon, which saw a 7.4 percent increase to CNY 14,500 ($2,327) per metric ton. Neodymium saw a 6.6 percent drop-off this week to end at CNY 425,000 ($68,341) per metric ton. Chinese cobalt cathodes prices ticked up 2.9 percent over the past week to CNY 215,000 ($34,504) per metric ton. Following a steady week, prices for Chinese steel plate closed flat at CNY 4,240 ($680.45) per metric ton.
Closing at JPY 80,000 ($867.84) per metric ton, Japanese steel plate remained unchanged for the week. Korean steel plate remained essentially flat from the previous week at KRW 1.1 million ($1,011) per metric ton. Chinese steel plate traded sideways last week, hovering around CNY 4,240 ($680.45) per metric ton. US steel plate saw a 2.0 percent decline over the past week to $743.00 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.