Renewables MMI®: Chinese Steel Plate Gains 1.5%

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Metal Prices, Premium

Prices for Chinese steel plate saw the biggest increase on the weekly Renewables MMI® this week, rising 1.5 percent and settling at CNY 3,960 ($644.61) per metric ton. Chinese cobalt cathodes fell 1.0 percent over the past week to CNY 208,000 ($33,858) per metric ton. Silicon remained essentially flat from the previous week at CNY 12,800 ($2,084) per metric ton. Prices for neodymium remained constant, closing the week at CNY 335,000 ($54,531) per metric ton.

Japanese steel plate traded sideways last week, hovering around JPY 72,000 ($724.93) per metric ton. Korean steel plate prices held steady from the previous week at KRW 110,000 ($98.31) per metric ton. Chinese steel plate saw its price rise 1.5 percent over the past week to CNY 3,960 ($644.61) per metric ton. Following a steady week, prices for US steel plate closed flat at $714.00 per short ton.

US grain-oriented electrical steel (GOES) was unchanged at $3,380 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.