SHANGHAI, Nov.30 (SMM)-As per SMM research, PMI of nickel downstream enterprises shows 40.87% in November, slighter inferior to expectation and previous figure, still in shrinkage range. Only electroplating industry performs well. Other nickel downstream industries including stainless steel and battery all shrink.
For news cooperation, please contact us by email: gaotian@smm.cn or service.en@smm.cn.

![[SMM Analysis] Weak Nickel Caps Chinese Stainless Steel Futures in a Tight Range as Mill Price Discipline](https://imgqn.smm.cn/production/admin/votes/imagesLDoQB20260703182347.png)
![[SMM Analysis] Nickel and Cobalt Salt Prices Weak; Intermediate Product Payables Under Pressure](https://imgqn.smm.cn/usercenter/yaAtG20251217171733.jpg)
![[SMM Analysis] Indonesia's nickel ore HMA sharply cut by 7.6%, high inventories in China and Indonesia suppress nickel ore market sentiment](https://imgqn.smm.cn/usercenter/vcoVV20251217171732.jpeg)
