Shares in solar companies declined more than 10% so far this year, after jumping 250% in 2020 as the cost of solar energy is seen stabilizing or even increasing, after falling by 80% over the past decade due to soaring prices of raw materials such as steel, polysilicon and freight costs and despite governments pledge to focus on a green recovery from the pandemic. Price of US hot-dipped galvanized steel coils more than doubled since early 2020 to record levels, prices for monocrystalline silicon cells increased by a quarter in the past year; and freight rates in China also jumped this year. Weighing on the solar supply chain, about 40% of Chinese production of polysilicon comes from the Xinjiang region, which is linked to the use of forced labour, and both the US and Europe issued a ban on that polysilicon. Despite all the above, the cost of solar installations is still cheaper than building a new coal-fired power plant.

Solar Energy Index is expected to trade at 435.15 USD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 520.77 in 12 months time.

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Solar Energy Index


Solar Energy Index
The Solar Energy Index CFD tracks the performance of publicly traded companies in the solar energy sector as well as those businesses that do not produce energy but make most of their revenues by providing goods and services to the solar energy industry.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
72.1700 0.26 0.36% 0.50% -1.54% 48.74% Jul/23
Brent
USD/Bbl
74.2100 0.42 0.57% 0.84% -1.79% 43.26% Jul/23
Natural gas
USD/MMBtu
4.0450 0.04 1.05% 10.10% 18.34% 59.31% Jul/23
Gasoline
USD/Gal
2.2934 0.02 0.89% 1.77% 0.55% 62.64% Jul/23
Heating oil
USD/Gal
2.1361 0.00 0.16% 1.08% -1.21% 43.94% Jul/23
Ethanol
USD/Gal
2.3200 0.00 0.00% 0.00% -6.45% 61.90% Jul/23
Naphtha
USD/T
672.07 0.15 0.02% -0.32% 6.05% 55.32% Jul/23
Propane
USD/Gal
1.09 0.00 0.16% -0.87% 13.03% 69.34% Jul/23
Uranium
USD/Lbs
32.4500 0.05 -0.15% 0.15% -0.46% 5.70% Jul/23
Methanol
CNY
2,611.00 73.00 -2.72% -1.43% 1.60% 8.07% Jul/23

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,801.45 5.24 -0.29% -0.52% 1.48% -5.01% Jul/23
Silver
USD/t.oz
25.165 0.29 -1.14% -1.93% -2.96% -4.53% Jul/23
Platinum
USD/t.oz
1,061.50 30.95 -2.83% -3.72% -2.81% -0.42% Jul/23

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,400.0000 16.25 -1.15% -3.76% 2.10% 7.14% Jul/23
Wheat
USd/Bu
682.7500 9.50 -1.37% -1.41% 4.84% 6.60% Jul/23
Lumber
USD/1000 board feet
628.90 18.10 -2.80% 17.24% -25.34% -27.97% Jul/23
Cheese
USD/Lbs
1.6060 0.01 -0.37% -0.62% -2.37% -2.43% Jul/23
Palm Oil
MYR/T
4,271.00 150.00 3.64% 3.24% 24.85% 18.64% Jul/23
Milk
USD/CWT
16.59 0.02 0.12% -0.54% -3.60% 5.00% Jul/23
Wool
AUD/100Kg
1,428.00 0.00 0.00% 0.00% -2.72% 21.95% Jul/23
Tea
USD/Kgs
3.34 0.00 0.00% 0.00% 25.56% 16.38% Jul/23
Rubber
JPY/Kg
210.20 5.20 2.54% 0.86% -11.79% -21.80% Jul/21
Rice
USD/cwt
13.6000 0.06 0.44% 2.80% 2.76% 11.11% Jul/23
Canola
CAD/T
882.00 0.70 0.08% -3.87% 11.77% 40.11% Jul/23
Oat
USd/Bu
461.5000 22.75 5.19% 5.85% 22.58% 27.93% Jul/23
Cotton
USd/Lbs
89.73 0.54 -0.60% -1.04% 4.30% 14.86% Jul/23
Sugar
USd/Lbs
18.10 0.48 2.72% 2.20% 6.91% 16.85% Jul/23
Cocoa
USD/T
2,321.00 4.00 0.17% 0.04% 0.26% -10.83% Jul/23
Coffee
USd/Lbs
191.75 1.90 -0.98% 18.95% 25.82% 49.51% Jul/23
Orange Juice
USd/Lbs
137.90 2.90 2.15% 7.57% 16.22% 11.89% Jul/23
Corn
USd/BU
546.2500 18.25 -3.23% -1.75% -16.38% 12.86% Jul/23

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.35 0.00 0.00% 0.00% -0.83% 12.18% Jul/23
Poultry
BRL/Kgs
7.78 0.00 0.00% 1.43% 5.14% 29.45% Jul/23
Feeder Cattle
USd/Lbs
160.0750 1.88 1.19% 2.86% 1.86% 15.20% Jul/23
Lean Hogs
USd/Lbs
107.2500 0.60 0.56% 1.51% 7.22% 52.61% Jul/23
Live Cattle
USd/Lbs
121.2250 0.43 0.35% 0.87% -1.30% 5.39% Jul/23

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.4630 0.12 2.72% 3.01% 3.57% 26.83% Jul/23
Coal
USD/T
146.17 0.01 -0.01% -1.64% 17.06% 79.97% Jul/23
Steel
CNY/T
5,600.00 79.00 1.43% 2.71% 15.04% 32.70% Jul/23
Iron Ore
USD/T
204.50 4.50 -2.15% -8.09% -5.76% 29.02% Jul/23
Lithium
CNY/T
89,000.00 0.00 0.00% 0.00% 0.00% 91.40% Jul/23
Bitumen
CNY/T
3,142.00 4.00 -0.13% -1.87% -6.38% 31.91% Jul/23
Cobalt
USD/T
52,500.00 0.00 0.00% 0.00% 15.25% 63.09% Jul/23
Lead
USD/T
2,413.50 7.00 -0.29% 4.43% 9.26% 22.16% Jul/23
Aluminum
USD/T
2,507.25 41.25 1.67% 0.78% 3.21% 26.58% Jul/23
Tin
USD/T
34,377.50 317.50 0.93% 2.16% 11.99% 69.22% Jul/23
Zinc
USD/T
2,975.75 41.50 1.41% -0.48% 2.08% 8.17% Jul/23
Nickel
USD/T
19,373.00 458.50 2.42% 1.66% 5.15% 17.03% Jul/23
Molybdenum
USD/Kg
42.75 0.00 0.00% 0.00% -15.35% 81.91% Jul/23
Palladium
USD/t.oz
2,672.34 45.56 -1.68% 1.61% 1.21% 9.18% Jul/23
Rhodium
USD/t oz.
18,600.00 100.00 -0.53% -5.58% -3.38% 9.41% Jul/23
Gallium
CNY/Kg
2,075.00 0.00 0.00% -1.19% -3.26% 19.25% Jul/23
Germanium
CNY/Kg
7,800.00 0.00 0.00% 1.30% 2.63% 9.86% Jul/23
Manganese
CNY/T
32.75 0.00 0.00% 0.00% 1.55% 4.80% Jul/23
Indium
CNY/Kg
1,115.00 0.00 0.00% 0.00% -1.76% -6.30% Jul/23
Soda Ash
CNY/T
1,977.50 0.00 0.00% 3.97% 7.12% 47.57% Jul/23
Neodymium
CNY/T
720,000.00 0.00 0.00% 8.27% 23.61% 15.66% Jul/23
Tellurium
CNY/Kg
567.50 0.00 0.00% -0.87% -2.58% 22.04% Jul/23
Iron Ore 62% fe
USD/T
216.03 2.22 1.04% -1.70% 1.07% 38.62% Jul/23

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
230.20 0.28 0.12% 1.89% 3.39% 29.11% Jul/23
LME Index
Index Points
4,187.60 0.00 0.00% 0.10% 1.64% 22.64% Jul/23
S&P GSCI
Index Points
2,596.51 3.89 0.15% 0.82% 1.34% 31.34% Jul/23
EU Carbon Permits
EUR
50.95 0.16 0.32% -3.67% -7.52% 55.72% Jul/23
Nuclear Energy Index
USD
1,325.26 5.32 0.40% -0.77% -1.56% 5.48% Jul/23
Solar Energy Index
USD
418.27 8.86 -2.07% 2.04% 1.40% -10.38% Jul/23
Wind Energy Index
USD
348.18 3.50 -1.00% 0.82% -2.06% -8.41% Jul/23