Shanghai nickel down; copper, zinc rise

Shanghai nickel prices fell on Friday on worries about growth in Chinese steel markets, with the sector heading into a low consumption period over winter. The base metal, used widely to help make stainless steel, closed the week down 7 percent on the Shanghai Futures Exchange.
The most-traded ShFE nickel contract ended Friday 1.73-percent lower at 92,750 yuan ($13,989.23). The contract closed the previous day down 2.6 percent. The sell-off in nickel came amid a mixed finish in Chinese metals futures. Active ShFE copper gained 0.06 percent, while zinc was up 0.28 percent and aluminium dipped 0.81 percent. China's economy cooled further last month, with industrial output, fixed-asset investment and retail sales missing expectations.