With a 2.6 percent increase over the past week, Chinese steel plate was the biggest mover on the weekly Renewables MMI®. The price of silicon increased by a slight 0.4 percent over the past week to CNY 13,900 ($2,290) per metric ton. Prices for Chinese cobalt cathodes remained constant, closing the week at CNY 196,000 ($32,292) per metric ton. Neodymium prices held steady from the previous week at CNY 425,000 ($69,999) per metric ton.
Closing at JPY 76,000 ($729.44) per metric ton, Japanese steel plate remained unchanged for the week. At KRW 900,000 ($855.20) per metric ton, the week finished with no movement for Korean steel plate. Following a 2.6 percent increase, Chinese steel plate finished the week at CNY 3,890 ($640.89) per metric ton. US steel plate traded sideways last week, hovering around $767.00 per short ton.
For the fifth day in a row, 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.