WEEKLY: China's SiMn prices keep rangebound, sentiment softens

China's silicomanganese (SiMn) prices kept rangebound during the week of April 20-24, as market sentiment weakened with the retreat of SiMn futures prices, Mysteel Global learned.

On April 24, Mysteel assessed the national price of 6517 SiMn at Yuan 6,021/tonne ($882/t) including the 13% VAT, down by a tiny Yuan 1/t from one week before. As for the derivative market, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in July closed the daytime