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China's aluminium PMI falls to 48.9% in October

The purchasing managers' index for the aluminium processing industry in China dropped to 48.9% in October due to weakened exports and the off-season. Only four of the seven intermediate segments remained in expansion, whilst sheets and strips suffered a sharp contraction.

By aluminio.ar · Based on reporting by Shanghai Metals Market

Illustration: China's aluminium PMI falls to 48.9% in October
AI-generated image

What you need to know

  1. The aluminium sheet and strip segment fell by 9.2 percentage points to 47.5%.
  2. The new export orders index stood at 43.2% due to LME prices falling below USD 3,000 per tonne.
  3. Product inventory in the aluminium foil sector rose to 60.2%.
Read the full story on Shanghai Metals Market aluminio.ar’s own summary, written with the help of artificial intelligence, checked against the source and translated into English. The full content and its rights belong to the original outlet.
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