WEEKLY: China's SiMn prices rise further, output recovers

China's silicomanganese (SiMn) prices rose again during the week of March 9-13, supported by firm futures market prices and higher manganese ore costs. Production of the ferroalloy recovered last week as some smelters resumed operations, Mysteel Global learned.

On March 13, Mysteel assessed the national price of 6517 SiMn at Yuan 5,915/tonne ($857/t) including the 13% VAT, increasing by Yuan 112/t from one week before. On the same day, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in May closed the daytime trading session at