WEEKLY: China's SiMn prices recover, sentiment improves

Chinese silicomanganese (SiMn) prices recovered in the second half of last week, as sentiment in the domestic market improved with the rise in SiMn futures and the cost-side support afforded the ferroalloy by higher prices of manganese ore, Mysteel Global learned.

As of March 7, the national price of 6517 SiMn under Mysteel's assessment was at Yuan 6,155/tonne ($848/t) including the 13% VAT, rising by Yuan 39/t on week or higher by Yuan 102/t from the recent low on March 5. On the same day, the most-traded SiMn contract on