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China nickel manufacturing expanded for 3rd consecutive month in May
Jun 1,2020 17:14CST
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Source:SMM
Manufacturing activity across nickel downstream sectors in China expanded for the third consecutive month in May, albeit at a softer pace than it did in April. SMM data showed that the purchasing managers index (PMI) for downstream nickel industries, including stainless steel, electroplating, alloy and battery, stood at 51.44 in May, down 0.32 point from April. A reading above 50 indicates expansion.
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