UTC+8 ( BJT)

WEEKLY: China's SiMn prices soften before CNY holiday

ABSTRACT

Chinese silicomanganese prices softened over the past week as the domestic market quietened with the coming Chinese New Year holiday. As of January 21, the national price of 6517 SiMn was assessed by Mysteel at Yuan 8,093/tonne ($1,278/t) EXW and including the 13% VAT, losing Yuan 51/t on week.
"Many steelmakers have completed their replenishment by now, and transactions in the physical market will be scarce in the last few days before the holiday," a market source in Shanghai said.   China's SiMn output continued to decrease slightly last week as some SiMn smelters conducted annual maintenance, given the quiet market

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