CAAM: Auto Industry Still Faces Great Pressure And Efforts Are Needed To Accelerate Consumption

Published: Jun 9, 2023 16:12
The China Association of Automobile Manufacturers (CAAM) stated that the auto industry has improved since April, and the recovery remains slow.

The China Association of Automobile Manufacturers (CAAM) stated that the auto industry has improved since April, and the recovery remains slow.

The auto industry still face great pressure and efficiency of the industry is still low. It is necessary to further restore and expand demand, and comprehensively implement policies to accelerate consumption.

 

More popular news:

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in July

Global Manufacturing PMI Continued To Fall In May, Points To Downturn In Global Economy

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Indonesia Will Launch Nickel Price Index Applied for Domestic Policies and Deter Export Duties on Nickel Products

Chilean Tax Hike Will Deter Copper and Lithium Mine Investment, Push Japanese Mining Companies to Other 24 Countries

Glencore to Aggressively Expand Copper Capacity

World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge


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 to learn 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
Tungsten Prices Rise in Rotterdam: APT Up $450, Ferrotungsten Up $20 Amid Supply-Demand Talks
3 hours ago
Tungsten Prices Rise in Rotterdam: APT Up $450, Ferrotungsten Up $20 Amid Supply-Demand Talks
Read More
Tungsten Prices Rise in Rotterdam: APT Up $450, Ferrotungsten Up $20 Amid Supply-Demand Talks
Tungsten Prices Rise in Rotterdam: APT Up $450, Ferrotungsten Up $20 Amid Supply-Demand Talks
[SMM Tungsten Express] As of March 19, SMM data shows APT CIF Rotterdam port at $2,400-2,900/mtu, averaging $2,650/mtu, up $450 from March 12. Ferro-tungsten Rotterdam warehouse at $310-320/kg W, averaging $315/kg W, up $20 from March 12. Overseas transactions remained scarce this week as the tug-of-war between supply and demand continues.
3 hours ago
[SMM Analysis] Steel Mills Actively Increased Shipments, Coupled With Underlying Rigid Demand, and Stainless Steel Social Inventory Declined Slightly
4 hours ago
[SMM Analysis] Steel Mills Actively Increased Shipments, Coupled With Underlying Rigid Demand, and Stainless Steel Social Inventory Declined Slightly
Read More
[SMM Analysis] Steel Mills Actively Increased Shipments, Coupled With Underlying Rigid Demand, and Stainless Steel Social Inventory Declined Slightly
[SMM Analysis] Steel Mills Actively Increased Shipments, Coupled With Underlying Rigid Demand, and Stainless Steel Social Inventory Declined Slightly
4 hours ago
Magnesium Prices Are Deep in the Mire, Caught in a Dilemma Between Rising and Falling; Who Will Become the Core Driving Force to Break the Current Deadlock? [SMM Analysis]
4 hours ago
Magnesium Prices Are Deep in the Mire, Caught in a Dilemma Between Rising and Falling; Who Will Become the Core Driving Force to Break the Current Deadlock? [SMM Analysis]
Read More
Magnesium Prices Are Deep in the Mire, Caught in a Dilemma Between Rising and Falling; Who Will Become the Core Driving Force to Break the Current Deadlock? [SMM Analysis]
Magnesium Prices Are Deep in the Mire, Caught in a Dilemma Between Rising and Falling; Who Will Become the Core Driving Force to Break the Current Deadlock? [SMM Analysis]
[SMM Magnesium Market Analysis: Magnesium Prices Are Deeply Mired, Caught in a Dilemma Between Rising and Falling—Who Will Become the Core Driving Force to Break the Current Deadlock?] Looking back at recent conditions in the magnesium market, magnesium prices repeatedly fluctuated within the 16,600-16,700 range, with a relatively slow operating pace.
4 hours ago