US steel plate saw the largest upwards shift on the weekly Renewables MMI®, rising 2.5 percent to settle at $744.00 per short ton. At KRW 900,000 ($846.91) per metric ton, the week finished with no movement for Korean steel plate. Japanese steel plate prices held steady from the previous week at JPY 74,000 ($750.26) per metric ton.
Chinese renewables prices were mixed for the week. For the third week in a row, the price of Chinese steel plate dropped, falling 1.3 percent to CNY 3,770 ($618.39) per metric ton. The price of Chinese cobalt cathodes fell 0.5 percent over the past week to CNY 200,000 ($32,806) per metric ton. This was the third week in a row of declining prices. Prices for silicon remained constant, closing the week at CNY 13,850 ($2,272) per metric ton. Following a steady week, prices for neodymium closed flat at CNY 450,000 ($73,549) per metric ton.
US grain-oriented electrical steel (GOES) remained essentially flat at $3,631 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.