Secondary Aluminum PMI Rebounds to 68.8 in March, Expected to Weaken in April
[SMM Flash] SMM data showed that the PMI of the secondary aluminum industry in March rebounded sharply by 40.9 percentage points MoM to 68.8, returning above the 50 mark. In March, enterprises basically resumed normal production, and downstream demand gradually recovered. Both the production and new orders of secondary aluminum enterprises in March increased significantly from February. In April, orders for secondary aluminum are expected to weaken, and the industry PMI is expected to pull back below the 50 mark.