WEEKLY: China SiMn prices edge down, output stays high

Chinese silicomanganese (SiMn) prices struggled to stay firm over the past week, with the national price of 6517 SiMn under Mysteel's assessment sliding to Yuan 6,490/tonne ($898/t) including the 13% VAT as of June 25, losing another Yuan 36/t from that on June 16 and refreshing the lowest since December 24 2020.

Transactions in the physical market were not so active, Mysteel Global learned, as buyers of high-priced SiMn products were hard to find and this put more pressure on domestic prices. China's SiMn output stayed high over the past week. Over June 16-22, daily output among the 121 domestic smelters under