China’s aluminium processing industry PMI rebounds above 50% due to momentous gain in demand & production

According to the Shanghai Metals Market, China’s comprehensive Purchasing Manager Index (PMI) for the aluminium processing industry rebounded in September above the 50 mark since May. It recorded a month-on-month surge of 18.1 per cent, driven by the PMIs of aluminium plate/sheet and strip, aluminium foil, industrial aluminium extrusion, primary aluminium alloy, and secondary aluminium alloy.

All the sectors mentioned above registered PMIs above 60 per cent, signalling positive growth in the manufacturing and service sectors.