Renewables MMI®: Silicon Finishes Week With 7.1% Increase

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Closing at CNY 14,400 ($2,363) per metric ton on the weekly Renewables MMI®, silicon rose 7.1 percent to finish as the week’s biggest mover. The price of Chinese cobalt cathodes rose 4.9 percent to CNY 215,000 ($35,285) per metric ton after falling 0.5 percent during the previous week. The price of Chinese steel plate rose 1.3 percent to CNY 3,890 ($638.41) per metric ton after falling 1.3 percent during the previous week. At CNY 450,000 ($73,549) per metric ton, the week finished with no movement for neodymium.

Following a 2.8 percent increase in the week prior, the price of Japanese steel plate fell 2.7 percent last week to JPY 72,000 ($733.33) per metric ton. Korean steel plate remained essentially flat from the previous week at KRW 900,000 ($845.31) per metric ton. The price of Chinese steel plate rose 1.3 percent to CNY 3,890 ($638.41) per metric ton after falling 1.3 percent during the previous week. US steel plate prices were off slightly at $726.00 per short ton, down from $740.00 a week ago.

US grain-oriented electrical steel (GOES) saw little change in its price on Tuesday at $3,484 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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