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] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
