WEEKLY: China's SiMn prices keep rangebound, output stable

Chinese silicomanganese (SiMn) prices were rangebound over the past week, with the national price of 6517 SiMn under Mysteel's assessment standing at Yuan 6,045/tonne ($830/t) including the 13% VAT as of December 13, lower by Yuan 15/t from one week earlier.

Prices had decreased in the second half of last week with the retreat in SiMn futures prices, Mysteel Global notes. Last Friday, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in May closed the daytime trading session at Yuan 6,308/t, down by Yuan 80/t from the