WEEKLY: China's SiMn prices drop again, output stays high

Chinese silicomanganese (SiMn) prices lost further ground during the past week from the pessimism prevailing in the domestic market, according to industry sources, while production stayed at a high level.

As of July 19, the national price of 6517 SiMn under Mysteel's assessment had slipped to Yuan 6,738/tonne ($926/t) including the 13% VAT, sliding at the faster pace of Yuan 318/t from one week earlier, compared with the smaller retreat of Yuan 264/t during the prior week. As for the