The week’s biggest mover on the weekly Renewables MMI® was Japanese steel plate, which saw a 2.8 percent increase to JPY 74,000 ($750.09) per metric ton. US steel plate prices held steady from the previous week at $740.00 per short ton. At KRW 900,000 ($840.73) per metric ton, the price of Korean steel plate did not change since the previous week.
Chinese renewables prices were mixed for the week. Chinese steel plate prices were off slightly at CNY 3,840 ($628.78) per metric ton, down from CNY 3,890 ($635.58) a week ago. In the past week, silicon saw its price shift up 0.7 percent to CNY 13,450 ($2,202) per metric ton. The price of Chinese cobalt cathodes declined 0.5 percent over the past week, settling at CNY 205,000 ($33,568) per metric ton. Closing at CNY 450,000 ($73,549) per metric ton, neodymium remained unchanged for the week.
US grain-oriented electrical steel (GOES) was unchanged 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.