WEEKLY: China's SiMn prices decline, sentiment softens

China's silicomanganese (SiMn) prices eased during the week of June 1-5, with the national price of 6517 SiMn under Mysteel's assessment standing at Yuan 5,824/tonne ($858/t) including the 13% VAT on June 5, falling by Yuan 38/t from one week earlier.

SiMn prices in the derivative market also lost ground last week. On June 5, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in September closed the daytime trading session at Yuan 5,980/t, lower by Yuan 50/t from the contract's settlement price on May 29, according to