China’s metal market forecasted to be stable
Time:Fri, 06 Oct 2023 09:21:49 +0800
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In September, China’s purchasing managers index (PMI) was 50.2 points. Also, China’s PMI of non-manufacturing went up to 51.7 points. These statistics show that China’s economy is growing.
Besides that, the aluminum stocks from the London Metal Exchange (LEM) have decreased by 17% since June. The aluminum demand was driven by economic growth. The expanded manufacturing industry in September made the outlook of the metal market in China stable.
