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WEEKLY: China’s SiMn prices dip further on higher output

China’s silicomanganese (SiMn) price dipped further in the last week of July with the continuing domestic demand lull, while its production had increased further with the newly-commissioned capacities in North China, Mysteel Global notes.
As of July 31,the priceof 6517 grade SiMn in North Chinawas assessed at Yuan 5,975/tonne($857/t)EXW and including the 13% VAT, having lost for two months, down another Yuan 25/t on week andtouching the4.5-month low,according to Mysteel’s database. “Sentiment in China’s SiMn market has not seen much improvement over the past week, as major domestic steel producers had

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