China’s Baosteel recently announced it will leave prices for medium steel plate unchanged in February.
Steel plate traded either flat or downward for all renewables MMI categories this week.
This past week, US steel plate dropped 7.4% on the weekly Renewables MMI®, landing at $751.00 per short ton as the week’s biggest mover. Korean steel plate prices held steady from the previous week at KRW 900,000 ($833.15) per metric ton. Japanese steel plate traded sideways last week, hovering around JPY 80,000 ($679.61) per metric ton.
Chinese renewables prices were mixed for the week. The price of Chinese steel plate fell 5.7% over the past week to CNY 2,830 ($455.17) per metric ton. This was the fourth week in a row of declining prices. Following a 0.6% increase, neodymium finished the week at CNY 356,000 ($57,258) per metric ton. Closing at CNY 223,000 ($35,867) per metric ton for the week, Chinese cobalt cathodes rose by a slight 0.5%. Closing at CNY 15,000 ($2,413) per metric ton, silicon remained unchanged for the week.
US grain-oriented electrical steel (GOES) held steady at $2,742 per metric 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.