WEEKLY: China’s SiMn price slips to 2-month low

Chinese silicomanganese prices continued to trend downward over the past week amid negative market sentiment, with the price for 6517 grade SiMn in North China slipping to Yuan 6,150/tonne ($877/t) EXW including the 13% VAT as of February 24, down by another Yuan 300/t on week to record a two-month low, according to Mysteel’s data.
“We’d predicted the decrease (in SiMn prices) as the volume of saleable products in the domestic market has been increasing with the improvement in freight transportation recently,” a market source in Central China’s Henan province said, adding that more truck drivers had returned to work following the reduction of highwaytolls and the easing of barrier


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