July Electroplating Industry PMI

The final PMI for the electroplating industry in July 2024 was 49.82%, still below the 50 mark, but slightly rising compared to June. The electroplating industry remained in its traditional off-season in July, with order volumes relatively stable compared to last month but showing some increase. The new order index was 49.85%. The decline in nickel prices in mid-July boosted the replenishment enthusiasm of electroplating manufacturers. The raw material inventory index was 50%. In August, the industry is expected to remain in the off-season. Due to signs of a slight rebound in nickel prices and the previous concentrated restocking by electroplating manufacturers, future activity is expected to weaken. The preliminary PMI for August is expected to be 49.39%.