Aluminium processing company operating rate reduced to support the official PMI

In October, PMI showed that the prosperity of the construction industry, machinery manufacturing, automobile manufacturing, home appliances, and hardware products declined. According to the October Steel PMI index issued by the Steel Research Institute, the PMI Composite Index was 46.23% in October 2011, which was 0.5% lower than the previous month, indicating that the degree of prosperity of the downstream steel industry is still declining. In terms of sub-terminals, the construction industry PMI composite index is 45.90%, negative balance difference 0.93, negative year-on-year difference of 0.87; machinery industry PMI composite index 46.34%, month-on-month positive difference of 1.22, year-on-year negative value difference of 6.55; PMI synthesis of automobile industry The index was 55.39%, a negative balance of 6.65, a negative year-on-year difference of 1.63; the home appliance industry PMI composite index was 53.92%, a positive ring difference of 11.04, a year-on-year positive rate of 1.52; the hardware industry PMI composite index was 42.10%, and the ring negative difference was 4.06. Year-on-year negative value of 12.47. This coincides with the terminal field of aluminum consumption and has been verified in the aluminum industry.

According to the research data as of the 2nd deadline, the operating rate of aluminum profile enterprises in October was 69.4%, a decrease of 2% from the previous month; the operating rate of aluminum strip enterprises in October was 54.4%, a decrease of 5.8% from the previous month. The continued decline in export orders and the decline in domestic demand are the main reasons for the operating rate in October.

According to the feedback from companies, in November, there was no obvious improvement in new orders for aluminum processing companies. The interviewed business owners stated that the growth of late orders was slow, and companies would increase marketing efforts to maintain the current production volume. Near the end of the year, companies face difficulties such as financial difficulties, slow de-stocking process, and new orders dropping down. It is difficult to be optimistic about the outlook for aluminum consumption growth in the later period.