The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese cobalt cathodes, which saw a 0.5 percent decline to CNY 199,000 ($32,666) per metric ton. Last week marked the fourth in a row of declining prices for the metal. Silicon traded sideways last week, hovering around CNY 13,850 ($2,274) per metric ton. Neodymium prices held steady from the previous week at CNY 450,000 ($73,549) per metric ton. At CNY 3,770 ($618.85) per metric ton, the price of Chinese steel plate did not change since the previous week.
Closing at JPY 74,000 ($746.33) per metric ton, Japanese steel plate remained unchanged for the week. Following a steady week, prices for Korean steel plate closed flat at KRW 900,000 ($848.86) per metric ton. At CNY 3,770 ($618.85) per metric ton, the week finished with no movement for Chinese steel plate. US steel plate remained essentially flat from the previous week at $744.00 per short ton.
For the fifth day in a row, 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.