Secondary Aluminum PMI Falls to 44.6% in Jan 2026, Expected to Remain Below 50 Amid CNY Holiday

Published: Feb 4, 2026 18:00

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[SMM Aluminum Express] According to SMM data, the PMI for the secondary aluminum industry fell 1.8 percentage points MoM to 44.6% in January 2026, remaining in contraction territory for consecutive periods. Entering February, influenced predominantly by the Chinese New Year holiday, both industry orders and the operating rate of secondary aluminum producers are expected to see a significant pullback. The industry PMI is projected to continue operating below the 50 mark, with momentum for a near-term recovery in business sentiment still appearing insufficient.

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