WEEKLY: China's SiMn prices hover high on lower output

China's silicomanganese (SiMn) prices kept rangebound at high levels during the week of March 30-April 3, mainly thanks to the domestic smelters' lower output and firm cost support, Mysteel Global learned.

On April 3, the national price of 6517 SiMn under Mysteel's assessment came in at Yuan 6,216/tonne ($906/t) including the 13% VAT, still higher by Yuan 55/t on week, though it had slipped by Yuan 53/t from the recent high on March 31 in sync with the steady retreat