WEEKLY: China's SiMn prices remain firm, output down

Chinese silicomanganese (SiMn) prices remained firm last week, with the national price of 6517 SiMn under Mysteel's assessment reaching Yuan 6,135/tonne ($853/t) including the 13% VAT as of November 8, jumping by Yuan 139/t from one week before.

Last Friday, the most-traded SiMn contract on the Zhengzhou Futures Exchange for delivery in January closed the daytime trading session at Yuan 6,382/t, higher by Yuan 78/t from the settlement price on November 1, according to the exchange's data. Domestic SiMn smelters are keeping their offering prices at a relatively