The week’s biggest mover on the weekly Renewables MMI® was silicon, which saw a 8.3 percent increase to CNY 14,400 ($2,353) per metric ton. Finishing the fourth week of rising prices, the price of Chinese cobalt cathodes increased by 2.4 percent, finishing at CNY 215,000 ($35,128) per metric ton. Closing at CNY 450,000 ($73,549) per metric ton, neodymium remained unchanged for the week. Chinese steel plate traded sideways last week, hovering around CNY 3,890 ($635.57) per metric ton.
Japanese steel plate prices held steady from the previous week at JPY 72,000 ($729.13) per metric ton. Following a steady week, prices for Korean steel plate closed flat at KRW 900,000 ($832.09) per metric ton. Prices for Chinese steel plate remained constant, closing the week at CNY 3,890 ($635.57) per metric ton. At $739.00 per short ton, the price of US steel plate did not change since the previous week.
US grain-oriented electrical steel (GOES) continues hovering around $3,200 per short ton for the fifth day in a row.
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.