WEEKLY: China's SiMn prices remain firm on cost support

China's silicomanganese (SiMn) prices continued strengthening during December 8-12, mainly thanks to cost-side support from firm prices of manganese ore, Mysteel Global learned.

On December 12, Mysteel assessed the national price of 6517 SiMn at Yuan 5,541/tonne ($786/t) including the 13% VAT, increasing slightly by Yuan 5/t from one week before. On December 12, the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin port was assessed by Mysteel at Yuan