Aluminum Processing PMI Likely to Stay Below 50 in December Due to Off-Season Demand and Export Policy Changes

[SMM Aluminum Downstream Analysis: Off-Season Demand and Export Policy Adjustments May Keep December Aluminum Processing PMI Below the 50 Mark] SMM, November 29, 2024:

According to SMM data, the composite PMI for the domestic aluminum processing industry in November 2024 was 47.3%, down 6.6 percentage points MoM, below the 50 mark. From the perspective of specific indicators, in November, the domestic profiles and aluminum wire and cable sectors experienced a rush to export due to adjustments in export policies. Coupled with domestic demand support, the operating rate of producers improved MoM, driving the industry's composite production index above the 50 mark, with the production index recording 55.9% in November.