WEEKLY: China's SiMn prices weaken further

China's silicomanganese (SiMn) prices declined again during November 17-21, with the national price of 6517 SiMn under Mysteel's assessment reaching Yuan 5,511/tonne ($776/t) including the 13% VAT on November 21, lower by Yuan 67/t from one week earlier.

As for the derivative market, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in January 2026 closed the daytime trading session at Yuan 5,606/t on November 21, lower by Yuan 144/t from the settlement price on November 14, according to the exchange's data. With the persistent weakness