Renewables MMI®: 1.8% Decline for Chinese Steel Plate

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Metal Prices, Premium

After drifting 1.8 percent, Chinese steel plate dropped to CNY 3,890 ($635.55) per metric ton making it the biggest mover on the weekly Renewables MMI® this week. The price of Chinese cobalt cathodes rose 1.4 percent over the past week to CNY 210,000 ($34,310) per metric ton. This was the third week in a row of increasing prices. Silicon gained a slight 0.8 percent this past week, finishing at CNY 13,300 ($2,173) per metric ton. At CNY 450,000 ($73,549) per metric ton, the week finished with no movement for neodymium.

At JPY 72,000 ($726.71) per metric ton, the price of Japanese steel plate did not change since the previous week. At KRW 900,000 ($828.54) per metric ton, the week finished with no movement for Korean steel plate. Chinese steel plate fell 1.8 percent over the past week to CNY 3,890 ($635.55) per metric ton. US steel plate saw its price rise 1.0 percent over the past week to $739.00 per short ton.

For the fifth day in a row, US grain-oriented electrical steel (GOES) remained essentially flat 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.

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