PMI For Aluminium Plate/Sheet And Strip Sector Fell To 36.3 In May, And To Remain In Contraction Territory In June

SHANGHAI, Jun 9 (SMM) – Aluminium plate/sheet and strip: The PMI for the sector dipped 7.2 points MoM to 36.3 in May. Downstream demand was sluggish, and the overall market supply was in a surplus. Most enterprises reported declines in both new orders and backlog orders in May, forcing them to lower operating rates. The market will enter the traditional off-season in June, thus the PMI will remain below 50.

More popular news

Fitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic Slowdown

Oil Price Downturn To Reverse? Saudi Arabia "Declares War" On Bears, Bulls Betting On $100/barrel

Key Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment 

China’s Central Bank Makes Huge Cash Withdrawals Today

Daily Updates on SHFE Base Metals and Stainless Steel Warrants, With Nickel Critically Low

Moody's Says US Debt Crisis And Abuse Of Sanctions Will Threaten US Dollar’s Dominance

South China Battles Power Crisis, The Worst This Year

Manufacturing PMI In Euro Zone And Germany Both Pick Up In May, But Still In Contraction Territory

Aluminium Ingot Inventories In China Fall To Alarmingly Low Level

Tragedy of Electric Car Catching Fire Immediately After Collision In China’s Hangzhou City Renews Concerns Over Safety Of Nickel-Manganese-Cobalt (NMC 811) Battery

Tightening Crackdowns Threaten To Tighten Iron Ore Supply In China

Fitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This Year

China’s Lithium Carbonate Output Recovered Noticeably In May And On Track To Grow Further In June Amid Optimistic Market Expectations

China’s Lithium Hydroxide Output Poised To Recover Further In June With Market Betting On Demand Recovery For High-Nickel Ternary Materials

ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In China

One Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate Prices

BHP Plans To Expand Iron Ore Production Aggressively