Renewables MMI®: 10.0% Decrease for Japanese Steel Plate

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Metal Prices, Premium

This past week, Japanese steel plate dropped 10.0 percent on the weekly Renewables MMI®, landing at JPY 72,000 ($724.93) per metric ton as the week’s biggest mover. US steel plate remained essentially flat from the previous week at $751.00 per short ton. Korean steel plate traded sideways last week, hovering around KRW 1.1 million ($969.06) per metric ton.

Chinese renewables prices were mixed for the week. Over the past week, silicon rose 7.6 percent to CNY 14,200 ($2,288) per metric ton. The price of Chinese cobalt cathodes rose 2.5 percent to CNY 205,000 ($33,033) per metric ton after falling 2.4 percent during the previous week. Closing at CNY 425,000 ($68,407) per metric ton, neodymium remained unchanged for the week. Chinese steel plate prices held steady from the previous week at CNY 4,280 ($689.66) 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.