China PM association reports slowdown of Powder Metallurgy production
June 6, 2016
Statistics published by the China Machine Powder Metallurgy Association (CMPMA) showed a slowing down of PM component production in 2015 albeit that the figures reflect the output and sales of 48 PM businesses as against 50 companies reporting in 2014.
Output in terms of sales value decreased by 1.1% to Yuan 624,621.8 million ($950.7 million) in 2015, but an increase of 7.4% was observed in sales of new PM products to Yuan 154,276.9 million ($234.8 million).
Exports of PM products increased by 12.1% in 2015. In terms of tonnage production of PM parts the CMPMA reports a decline of 6.2% to 181,214 tonnes in 2015, but this reduction compared with 2014 could also be a reflection of the two fewer reporting PM businesses.
For the first quarter of 2016 the CMPMA reports further declines in sales and tonnage production with sales down by 7.5% to Yuan 149,338.8 million. This could again be attributed to the fewer number of reporting companies which totalled 40 in the period.
Passenger car production and sales in China in the first 4 months was reported to be 7,537 million units and 7,448 million units respectively – increases of 6.6% and 6.7% compared with the same period in 2015.