WEEKLY: China's SiMn prices weaken on thin demand

China's silicomanganese (SiMn) prices lost ground during February 2-6, with the national price of 6517 SiMn under Mysteel's assessment standing at Yuan 5,672/tonne ($818/t) including the 13% VAT on February 6, down by Yuan 15/t from one week before.

Prices in the derivative market also weakened. On February 6, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in May closed the daytime trading session at Yuan 5,856/t, lower by Yuan 30/t from the settlement price on January 30, according to the exchange's data. The domestic market