WEEKLY: China's SiMn prices remain firm overall

China's silicomanganese (SiMn) prices stayed firm during the week of July 6-10. Last Friday, Mysteel assessed the national price of 6517 SiMn at Yuan 5,699/tonne ($840/t) including the 13% VAT, higher by Yuan 68/t from one week earlier.

Prices in the derivative market also strengthened, with the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in September closing the daytime trading session on July 10 at Yuan 5,832/t, higher by Yuan 56/t from the settlement price on July 3, according to the exchange's data. High electricity