After drifting 18.9 percent, Korean steel plate dropped to KRW 900,000 ($819.11) per metric ton making it the biggest mover on the weekly Renewables MMI® this week. US steel plate fell 0.9 percent over the past week to $732.00 per short ton. Prices for Japanese steel plate remained constant, closing the week at JPY 72,000 ($723.03) per metric ton.
Chinese renewables prices were mixed for the week. Chinese cobalt cathodes gained a slight 1.5 percent this past week, finishing at CNY 204,000 ($33,336) per metric ton. At CNY 450,000 ($73,535) per metric ton, the price of neodymium finished the week 1.1 percent higher. Silicon remained essentially flat from the previous week at CNY 13,200 ($2,157) per metric ton. Chinese steel plate prices held steady from the previous week at CNY 3,960 ($647.11) per metric ton.
US grain-oriented electrical steel (GOES) saw little movement yesterday at $3,200 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.