This past week, US steel plate dropped 2.3 percent on the weekly Renewables MMI®, landing at $736.00 per short ton as the week’s biggest mover. Korean steel plate prices held steady from the previous week at KRW 1.1 million ($985.80) per metric ton. Japanese steel plate traded sideways last week, hovering around JPY 72,000 ($704.69) per metric ton.
Chinese renewables prices were mixed for the week. Chinese cobalt cathodes saw a 1.0 percent decline over the past week to CNY 201,000 ($32,731) per metric ton. At CNY 13,000 ($2,117) per metric ton, the price of silicon did not change since the previous week. Prices for neodymium remained constant, closing the week at CNY 425,000 ($68,407) per metric ton. Closing at CNY 4,200 ($683.93) per metric ton, Chinese steel plate remained unchanged for the week.
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.