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WEEKLY: China's SiMn prices weaken further, output down

ABSTRACT

Chinese silicomanganese prices continued their decline last week, driven downwards by negative sentiment in the domestic market from the weakness in the futures market and scarce transactions in the physical market, Mysteel Global learned. Output of the ferroalloy also declined, however.
As of June 24, the national price of 6517 SiMn under Mysteel's assessment had slipped to Yuan 7,942/tonne ($1,188/t) including the 13% VAT, down another Yuan 100/t on week and touching the lowest since January 10.   As of the same day, the most-traded SiMn contract on the Zhengzhou Commodity Exchange for

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