WEEKLY: China's SiMn prices recovers, output eases again

China's silicomanganese (SiMn) prices recovered slightly during the week of July 27-31, with the national price of 6517 SiMn under Mysteel's assessment reaching Yuan 5,591/tonne ($828/t) including the 13% VAT on July 31, rising by Yuan 24/t from one week before.

SiMn prices in the derivative market also strengthened last week. On July 31, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in September closed the daytime trading session at Yuan 5,680/t, higher by Yuan 12/t from the settlement price on July 24, according to the exchange's