Renewables MMI®: Week Closes 1.5% Down for Silicon

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Metal Prices, Premium

After falling 1.5 percent, silicon landed at CNY 12,800 ($2,086) per metric ton and making it the week’s biggest mover on the weekly Renewables MMI®. At CNY 210,000 ($34,230) per metric ton, the week finished with no movement for Chinese cobalt cathodes. Closing at CNY 335,000 ($54,697) per metric ton, neodymium remained unchanged for the week. Following a steady week, prices for Chinese steel plate closed flat at CNY 3,980 ($648.74) per metric ton.

At JPY 72,000 ($722.73) per metric ton, the price of Japanese steel plate did not change since the previous week. Korean steel plate remained essentially flat from the previous week at KRW 1.1 million ($960.15) per metric ton. Prices for Chinese steel plate remained constant, closing the week at CNY 3,980 ($648.74) per metric ton. US steel plate fell 0.8 percent over the past week to $720.00 per short ton.

US grain-oriented electrical steel (GOES) was unchanged at $3,339 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.