The week’s biggest mover on the weekly Renewables MMI® was the price of silicon, which saw a 7.3 percent decline to CNY 13,350 ($2,181) per metric ton. This comes on the heels of a 8.3 percent increase the week before. Following a 2.4 percent increase in the week prior, the price of Chinese cobalt cathodes fell 4.2 percent last week to CNY 206,000 ($33,654) per metric ton. Following a steady week, prices for neodymium closed flat at CNY 450,000 ($73,549) per metric ton. Chinese steel plate traded sideways last week, hovering around CNY 3,890 ($635.50) per metric ton.
Japanese steel plate remained essentially flat from the previous week at JPY 72,000 ($731.63) per metric ton. At KRW 900,000 ($837.52) per metric ton, the price of Korean steel plate did not change since the previous week. Closing at CNY 3,890 ($635.50) per metric ton, Chinese steel plate remained unchanged for the week. Following a 0.1 percent increase, US steel plate finished the week at $740.00 per short ton.
US grain-oriented electrical steel (GOES) held steady 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.