WEEKLY: China's SiMn prices keep rangebound, output recovers

China's silicomanganese (SiMn) prices kept rangebound during the week of May 18-22, with the national price of 6517 SiMn under Mysteel's assessment standing at Yuan 5,808/tonne ($856/t) including the 13% VAT, lower by a tiny Yuan 1/t from one week earlier.

SiMn prices in the derivative market have remained relatively firm recently, with the most-traded contract on the Zhengzhou Futures Exchange for delivery in July closing the daytime trading session at Yuan 5,876/t on May 22, higher by Yuan 10/t from the settlement price on May 15, according to the