WEEKLY: China's SiMn prices strengthen on cost support

China's silicomanganese (SiMn) prices remained firm overall during February 25-28, mainly thanks to cost-side support and the improved market sentiment from the better performance of SiMn futures, Mysteel Global learned.

On February 28, a working day in China due to the Chinese New Year (CNY) holiday that ended on February 23, the national price of 6517 SiMn was assessed by Mysteel at Yuan 5,694/tonne ($827/t) including the 13% VAT, increasing by Yuan 70/t from that on February 24, the