[PMI Index] Purchasing managers Index for Copper downstream Industries in May

Published: May 31, 2019 11:42 (GMT+8)
In May, the final value of PMI composite index of copper downstream industry was 50.94, which was lower than the expected initial value, and the production index remained in the expansion range. However, due to the poor performance of terminal consumption, new orders of enterprises have decreased, and with the gradual advent of the off-season of the manufacturing industry, new orders in the transportation and home appliance industries have become weak.

In May, the final value of PMI composite index of copper downstream industry was 50.94, which was lower than the expected initial value, and the production index remained in the expansion range. However, due to the poor performance of terminal consumption, new orders of enterprises have decreased, and with the gradual advent of the off-season of the manufacturing industry, new orders in the transportation and home appliance industries have become weak.

(click to view a larger image)

 

"Click to apply for a trial of the PMI Index report

"Click to attend the SMM2019 Copper Industry chain Summit

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

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 for 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
Peru sees 1 million t/y copper output boost within five to six years
22 hours ago
Peru sees 1 million t/y copper output boost within five to six years
Read More
Peru sees 1 million t/y copper output boost within five to six years
Peru sees 1 million t/y copper output boost within five to six years
Peru's Energy and Mines Minister Guillermo Shinno said the country expects to add about 1 million tonnes of annual copper production within five to six years through new mining projects. The world's third-largest copper producer anticipates 2026 output of 2.5 to 2.7 million tonnes, roughly unchanged from 2023 as declining ore grades and recurring social conflicts weigh on supply. The newly elected government is seeking to reverse that stagnation by cutting red tape; in the two months since taking office, mining companies have stepped up engagement with the ministry. Shinno said officials have identified 27 permits that could be eliminated from roughly 100 mining-sector requirements, without lowering environmenta
22 hours ago
India copper producers seek GST cut as record prices raise working-capital burden
Sep 25, 2026 20:26 (GMT+8)
India copper producers seek GST cut as record prices raise working-capital burden
Read More
India copper producers seek GST cut as record prices raise working-capital burden
India copper producers seek GST cut as record prices raise working-capital burden
Indian copper producers are seeking a GST cut to 5% from 18%, citing rising working-capital requirements amid record-high copper prices.
Sep 25, 2026 20:26 (GMT+8)
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Sep 25, 2026 16:43 (GMT+8)
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Read More
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth
Zambia’s sulphuric acid shortage is becoming a growing constraint on copper production and refining. Jubilee Metals reported acid costs rising by more than 200% in Q4 FY2026, while Sable cathode output fell to 250 t from 361 t in Q3. Government data also showed small-scale copper production down 35.2% YoY in H1 2026, highlighting the sector’s exposure to tight acid availability and higher processing costs.
Sep 25, 2026 16:43 (GMT+8)