For the fifth consecutive month, electricity prices in countries neighboring Germany have decreased, recently released data from Platts revealed. The report says it’s due in large part to increased solar and wind generation in Germany.
Closing at CNY 14,250 ($2,291) per metric ton on the weekly Renewables MMI®, silicon rose 0.7 percent to finish as the week’s biggest mover. At CNY 204,000 ($32,800) per metric ton, the price of Chinese cobalt cathodes did not change since the previous week. Prices for neodymium remained constant, closing the week at CNY 425,000 ($68,333) per metric ton. Chinese steel plate prices held steady from the previous week at CNY 3,880 ($623.84) per metric ton.
Closing at JPY 76,000 ($745.68) per metric ton, Japanese steel plate remained unchanged for the week. Prices for Korean steel plate remained constant, closing the week at KRW 900,000 ($864.46) per metric ton. Chinese steel plate remained essentially flat from the previous week at CNY 3,880 ($623.84) per metric ton. Following a steady week, prices for US steel plate closed flat at $826.00 per short ton.
US grain-oriented electrical steel (GOES) was unchanged at $2,964 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.