Renewables MMI®: Chinese Steel Plate Down for Third Straight Week

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Metal Prices, Premium

The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 0.5 percent decline to CNY 4,180 ($677.75) per metric ton. This week marked the third in a row of declining prices for the metal. At CNY 203,000 ($32,915) per metric ton, the price of Chinese cobalt cathodes did not change since the previous week. Following a steady week, prices for silicon closed flat at CNY 13,000 ($2,108) per metric ton. Neodymium traded sideways last week, hovering around CNY 425,000 ($68,407) per metric ton.

At JPY 72,000 ($735.64) per metric ton, the week finished with no movement for Japanese steel plate. Korean steel plate remained essentially flat from the previous week at KRW 1.1 million ($989.65) per metric ton. The price of Chinese steel plate dropped 0.5 percent this week, closing out the third consecutive week of falling prices at CNY 4,180 ($677.75) per metric ton. US steel plate fell 0.3 percent over the past week to $753.00 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.