UTC+8 ( BJT)

WEEKLY: China SiMn prices weaken further to 2.5-mth low

ABSTRACT

Chinese silicomanganese prices continued to weaken last week with the fall in futures prices. Mysteel had assessed the price of 6517 SiMn at Yuan 8,296/tonne ($1,300/t) EXW and including the 13% VAT as of November 19, down another Yuan 612/t on week and hitting the lowest since September 7.
The persistent decrease was blamed on the weakness of the futures market. As of November 19, price of the most-traded SiMn contract on the Zhengzhou Commodity Exchange for January 2022 delivery closed the daytime trading session at Yuan 7,880/t, down Yuan 810/t from the settlement price on November 12.   The flagging

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