MetalsMarket hours
Aluminium processing PMI drops below 50 in October
market hours1 source ↓written by the desknot a recommendation
- PMI fell
- 48.9%
- decline m-o-m
- 6.8 percentage point
- a PMI
- 47.8%
- 11 percentage points
In October, the aluminium processing composite PMI fell to 48.9%, a 6.8 percentage point decline m-o-m, indicating contraction. Key sectors, including aluminium plate per sheet and strip, saw a PMI of 47.8%, down 11 percentage points. This reflects weakening demand and high prices, impacting production and new orders. 📉
Traders should note the pressure on production and demand, which may influence aluminium prices and related stocks.
Not investment advice. For informational purposes only.