WEEKLY: China's SiMn prices weaken further

China's silicomanganese (SiMn) prices fell some more during the week of September 14-18, with the national price of 6517 SiMn under Mysteel's assessment reaching Yuan 5,693/tonne ($850/t) including the 13% VAT on September 18, slipping by Yuan 69/t from one week before.

Prices in the derivative market also lost ground amid the softening market sentiment. Last Friday, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in November closed the daytime trading session at Yuan 5,786/t, lower by Yuan 60/t from the settlement price on September 11, according to