China’s copper Prosperity Index to remain low in Apr, May

摘要

Singapore—China’s copper industry Prosperity Index may continue to hover at low levels in April and May on high production and slow recovery in demand, although the Chinese central and local governments took a series of measures to promote the resumption of work across the country, the latest report released by the China Nonferrous Metals Industry Association showed. The country’s copper industry Prosperity Index hit 24.2 points in March, down 4.4 points month on month as demand from downstream industries like power cables, vehicles, air conditioners and property weakened due to the impact of the coronavirus pandemic.