WEEKLY: China's SiMn prices lose ground, output down further

China's silicomanganese (SiMn) prices lost ground during the week of April 7-10, mainly due to the fall in SiMn futures with the brief easing of tensions in the Middle East and the subsequent drop in crude oil prices, Mysteel Global learned.

As of April 10, the national price of 6517 SiMn was assessed by Mysteel at Yuan 5,994/tonne ($877/t) including the 13% VAT, sliding by Yuan 222/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