In June, the final value of the PMI composite index for the copper downstream industry was 45.99, which was lower than the expected initial value, and the production index also fell back to the contraction range. In June, the end of the copper consumption into the off-season market, domestic consumption has decreased, while export orders have also been reduced due to trade disputes. New orders in the transportation, home appliances and power industries all tended to weaken, and construction starts slowed down due to the increase in rainy days, but new orders increased significantly in the electronics industry due to increased investment in 5G, and the comprehensive PMI index rebounded to the expansion region.
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