WEEKLY: China's SiMn prices keep rangebound, output edges up

China's silicomanganese (SiMn) prices remained rangebound during the week of October 12-16, with the national price of 6517 SiMn under Mysteel's assessment reaching Yuan 5,672/tonne ($848/t) including the 13% VAT on October 16, dipping by Yuan 3/t from one week earlier.

Prices in the futures market also weakened. On October 16, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in January 2027 closed the daytime trading session at Yuan 5,816/t, lower by Yuan 40/t from the contract's settlement price on October 9, according to the exchange's data. During