PMI For Construction Aluminium Extrusion In Contraction Territory In May, But Industrial Extrusion Sector In Expansion Territory

Published: Jun 8, 2023 14:04

Source: SMM

Save

SHANGHAI, Jun 8 (SMM) –Construction aluminium extrusion: The PMI for the sector stood at 46.8 in May.

SHANGHAI, Jun 8 (SMM) –Construction aluminium extrusion: The PMI for the sector stood at 46.8 in May. The sector has headed into the traditional off-season. The index for production and new orders was 48.9 and 40.6 respectively. The index for purchasing volume and raw material inventory was 49 and 45 respectively. The index for supplier delivery time was 50.4. The PMI will remain below 50 in June as the off-season deepens.

Industrial aluminium extrusion: The PMI for the sector stood at 53 in May. The index for production and new orders recorded 57.2 and 55.9 respectively. Orders for photovoltaic extrusion and automotive extrusion declined slightly, but orders for other extrusion were relatively stable. In the second half of May, industrial aluminium extruders cut purchases due to bearish sentiment on aluminium prices. The index for purchase volume and raw material inventory recorded 40.5 and 47 respectively. Affected by the off-season, the PMI may slip below 50 in June.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

46 mins ago

US Consumer Confidence Plummets to Record Low Amid Middle East Turmoil and Rising Energy Prices

Amid the current turmoil in the Middle East and soaring energy prices, US consumer confidence deteriorated significantly. The preliminary reading of the University of Michigan Consumer Sentiment Index for April came in at 47.6, a sharp decline from 53.3 in March, hitting a record low. Meanwhile, the preliminary 1-year inflation expectations reached 4.8%, surging 1 percentage point from March, marking the largest increase in nearly a year.

46 mins ago

47 mins ago

US CPI Jumps 3.3% YoY in March, Driven by Soaring Energy and Gasoline Prices

Driven by a sharp surge in energy prices, the US Consumer Price Index (CPI) for March showed significant growth. CPI rose 3.3% YoY, marking the highest reading since June 2024. On a MoM basis, CPI increased 0.9% in March, the largest gain since July 2022. Focusing further on energy prices, energy prices surged 10.9% MoM in March, the largest single-month increase since September 2005. Among energy price components, gasoline prices stood out in particular, rising 21.2%, the largest monthly gain since 1967, and the increase in gasoline prices accounted for nearly three-quarters of the month's CPI gain.

47 mins ago

50 mins ago

China's Auto Sales and Production Down in March, New Energy Vehicles See Mixed Results

Data released by CAAM showed that in March, China's automobile production and sales reached 2.917 million units and 2.899 million units, down 3% and 0.6% YoY, respectively. Among them, new energy vehicle production and sales reached 1.231 million units and 1.252 million units, down 3.6% and up 1.2% YoY, respectively, while exports were up 1.3 times YoY.

50 mins ago