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

China's silicomanganese (SiMn) prices continued to strengthen during December 22-26, mainly thanks to support from the domestic smelters' higher production costs from the climb in manganese ore prices, Mysteel Global learned.

On December 26, Mysteel assessed the national price of 6517 SiMn at Yuan 5,608/tonne ($800/t) including the 13% VAT, increasing by Yuan 45/t from one week before. Prices of the ferroalloy in the derivative market also strengthened last week, with the most-traded SiMn contract on the Zhengzhou Futures Exchange for