The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese cobalt cathodes, which saw a 6.5 percent decline to CNY 201,000 ($33,032) per metric ton. This comes on the heels of a 4.9 percent increase the week before. The price of silicon fell 3.8 percent to CNY 13,850 ($2,276) per metric ton after rising 7.1 percent the week before. Following a 1.3 percent increase in the week prior, the price of Chinese steel plate fell 1.8 percent last week to CNY 3,820 ($627.77) per metric ton. Neodymium remained essentially flat from the previous week at CNY 450,000 ($73,549) per metric ton.
The price of Japanese steel plate rose 2.8 percent to JPY 74,000 ($758.00) per metric ton after falling 2.7 percent during the previous week. Prices for Korean steel plate remained constant, closing the week at KRW 900,000 ($847.66) per metric ton. The price of Chinese steel plate fell 1.8 percent to CNY 3,820 ($627.77) per metric ton after rising 1.3 percent the week before. At $726.00 per short ton, the week finished with no movement for US steel plate.
For the fifth day in a row, US grain-oriented electrical steel (GOES) remained essentially flat 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.