In July, the final value of PMI composite index of copper downstream industry was 43.18, which was lower than the expected initial value, and the production index was still in the contraction range. In July, the terminal was in the off-season market for copper consumption. New orders in the transportation, home appliances and power industries all have a weakening trend, and construction starts have slowed down due to the impact of high temperature, but new orders have increased to a certain extent due to the impact of increased investment in 5G, but due to the high price of 5G electronic equipment, the growth rate of output is limited, and due to entering the off-season market, output fell month-on-month. Overall, the copper downstream industry PMI in July are below the line of prosperity and decline.
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