China's aluminium PMI falls to 48.9% in October
The purchasing managers' index for the aluminium processing industry in China dropped to 48.9% in October due to weakened exports and the off-season. Only four of the seven intermediate segments remained in expansion, whilst sheets and strips suffered a sharp contraction.
By aluminio.ar · Based on reporting by Shanghai Metals Market

What you need to know
- The aluminium sheet and strip segment fell by 9.2 percentage points to 47.5%.
- The new export orders index stood at 43.2% due to LME prices falling below USD 3,000 per tonne.
- Product inventory in the aluminium foil sector rose to 60.2%.


