WEEKLY: China's SiMn prices recover, output dips

China's silicomanganese (SiMn) prices recovered slightly during the week of May 25-29, with the national price of 6517 SiMn under Mysteel's assessment reaching Yuan 5,862/tonne ($866/t) including the 13% VAT on May 29, increasing by Yuan 54/t from one week before.

SiMn prices in the derivative market performed well overall last week amid the market expectations for coal-supply constraints. Last Friday, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in July closed the daytime trading session at Yuan 5,976/t, higher by Yuan 104/t from the settlement price