WEEKLY: China SiMn prices surge, sentiment improving
Mar 31, 2020 18:30
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Chinese silicomanganese prices enjoyed a sharp rise over the past week following the rapid increase in manganese ore prices during that period, as major Mn ore mines in South Africa joined the country’s 21-day nationwide lockdown over March 26-April 16 called to control the spread of COVID-19, Mysteel Global learned.
As of March 30, the price for 6517 grade SiMn in North China had surged to Yuan 6,800/tonne ($959/t) EXW including the 13% VAT, marking a week-on-week rise of Yuan 775/t or 12.9%, according to Mysteel’s database. The price index for South Africa-origin 36.5% grade manganese ore at North China’s