SMM Nickel PMI Stays in Expansion Territory in August

SHANGHAI, Sept. 1 (SMM) – SMM survey finds that nickel purchase managers’ index (PMI) was 59.64 per cent in August. 

The reading, down 1.10 percentage points on a monthly basis, remained in the expansion territory. According to SMM survey, demand in stainless steel sector kept growing, but that from electroplating, battery, alloy and others stayed below 50 in August. 

SMM Nickel Monthly Average Price Grows Sharply in August

SMM expects the preliminary data for September to keep expanding in September.   

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