Flash: Copper downstream PMI in Jan below expectation

SHANGHAI, Feb 2 (SMM) – The purchasing managers’ index (PMI) for copper’s downstream industries in China stood at 47.08 for January, according to SMM survey. This is down by 1.13 points from the previous expectation and below the 50-point mark that separates expansion from contraction. SMM expects the index to be 38.91 for February. 

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