In February, the final value of the PMI composite index for the copper downstream industry was 44.95, 2.8 percentage points lower than the expected initial value. The overall demand downstream was obviously affected by the Spring Festival holiday, the terminal consumption was light, and the holiday time for production enterprises was longer than in previous years. The number of days of production has been reduced. Until after the Lantern Festival, the terminal consumption gradually returned to the normal starting level, the production index in February was in the contraction range, and the comprehensive new order index was below the line of prosperity and decline.
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