The week’s biggest mover on the weekly Renewables MMI® was US steel plate, which saw a 0.8 percent increase to $767.00 per short ton. Korean steel plate traded sideways last week, hovering around KRW 900,000 ($855.43) per metric ton. Following a steady week, prices for Japanese steel plate closed flat at JPY 76,000 ($737.56) per metric ton.
Chinese renewables prices were flat for the week. Prices for Chinese cobalt cathodes remained constant, closing the week at CNY 196,000 ($32,284) per metric ton. At CNY 13,850 ($2,281) per metric ton, the week finished with no movement for silicon. Closing at CNY 425,000 ($69,999) per metric ton, neodymium remained unchanged for the week. At CNY 3,790 ($624.27) per metric ton, the price of Chinese steel plate did not change since the previous week.
US grain-oriented electrical steel (GOES) remained essentially flat 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.