The week’s biggest mover on the weekly Renewables MMI® was US steel plate, which saw a 2.3 percent increase to $761.00 per short ton. Prices for Korean steel plate remained constant, closing the week at KRW 900,000 ($848.06) per metric ton. Japanese steel plate prices held steady from the previous week at JPY 74,000 ($718.88) per metric ton.
Chinese renewables prices were flat for the week. Following a steady week, prices for Chinese cobalt cathodes closed flat at CNY 196,000 ($32,170) per metric ton. At CNY 13,850 ($2,273) per metric ton, the week finished with no movement for silicon. At CNY 450,000 ($73,549) per metric ton, the price of neodymium did not change since the previous week. Chinese steel plate traded sideways last week, hovering around CNY 3,770 ($618.78) per metric ton.
US grain-oriented electrical steel (GOES) saw little movement yesterday at $3,043 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.