WEEKLY: China's SiMn prices decline, output rises further

China's silicomanganese (SiMn) prices lost ground during the week of September 7-11 with the retreat in futures prices, while output continued to expand as smelters in northern China lifted their run rates, Mysteel Global learned.

On September 11, Mysteel assessed the national price of 6517 SiMn at Yuan 5,762/tonne ($859/t) including the 13% VAT, lower by Yuan 104/t from one week earlier. Behind the retreat in SiMn spot prices was the fall in ferrous futures including that of the ferroalloy. Last Friday, the most-traded SiMn