WEEKLY: Improved market sentiment boosts China's SiMn prices

China's silicomanganese (SiMn) prices recovered slightly over December 1-5, as market sentiment improved to some extent with the recovery in SiMn futures. As of December 5, the national price of 6517 SiMn was assessed by Mysteel at Yuan 5,536/tonne ($783/t) including the 13% VAT, rising by Yuan 42/t from one week earlier.

The same day, the most-traded SiMn futures contract on the Zhengzhou Futures Exchange for delivery in March 2026 closed the daytime trading session at Yuan 5,758/t, higher by Yuan 136/t from the contract's settlement price on November 28, according to the exchange's data. The pressure of oversupply mainly limited the