WEEKLY: China's SiMn prices rise on cost support

China's silicomanganese (SiMn) prices continued to strengthen during January 12-16, as domestic smelters' production costs moved higher with the increase in prices of major smelting raw materials such as manganese ore, Mysteel Global learned.

On January 16, Mysteel assessed the national price of 6517 SiMn at Yuan 5,731/tonne ($823/t) including the 13% VAT, rising by Yuan 45/t from one week earlier. On the same day, the price of South Africa-origin 36.5% grade manganese ore at North China's Tianjin under Mysteel's assessment came in at