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WEEKLY: China SiMn price improves, production down

China’s silicomanganese prices saw some improvements over the past week under the support of healthier bids from steelmakers, Mysteel Global has learned. At the same time SiMn production slipped as some smelters slowed their pace of smelting given their high production costs.
As of May 22, the price for 6517 grade SiMn in North China reached Yuan 7,050/tonne ($987/t) EXW including the 13% VAT, higher by Yuan 50/t on week, Mysteel’s data showed. The slight rebound in the SiMn price was mainly fuelled by the larger bid volume of 27,000 tonnes for June nominated by Hebei Iron

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