Dim Market Outlook for Automobile and Real Estate to Suppress Silicon Metal Consumption

Published: Mar 24, 2023 11:52

Source: SMM

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SHANGHAI, Mar 24 (SMM) – The market outlook for automobile and real estate industries is not very optimistic.

SHANGHAI, Mar 24 (SMM) – The market outlook for automobile and real estate industries is not very optimistic. Data from the China Association of Automobile of Manufactures (CAAM) showed that China’s automobile production and sales were 3.626 million units and 3.625 million units respectively from January to February 2023, down 14.6% YoY and 15.2% YoY. According to data from the National Bureau of Statistics (NBS), the area of completed housing increased by 8% year-on-year from January to February 2023, but the area of housing under construction decreased by 4.4% year-on-year.

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