Nickel tumbled to new three-month low on eased supply concerns, weaker demand
The SHFE 2002 nickel contract plunged to 115,020 yuan/mt, its lowest since Aug 5
LME base metals closed mostly lower on Friday
The US dollar eased to a one-week low against a basket its rivals on Friday
SHFE nonferrous metals closed mixed on Friday
Weekly primary lead smelter operating rate rebounded 1.7 percentage points to 58.5%
The rate at Henan rebounded 3.4 percentage points to 71.3% as Xinling smelter recovered from maintenance
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.
