市场快讯：中国制造业PMI保持扩张支撑铜价强势

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core View of the Report - China's manufacturing PMI remaining in the expansion zone supports the strong copper price. The continuous expansion of China's manufacturing industry is favorable for copper prices [1][5] 3) Summary by Relevant Content - China's Manufacturing PMI in February 2025: The manufacturing PMI was 50.2%, with a year - on - year decrease of 0.99%; the non - manufacturing PMI was 49.1%, with a year - on - year decrease of 0.20%. In January 2025, the manufacturing PMI was 50.2%, with a year - on - year increase of 2.24%; the non - manufacturing PMI was 50.4%, with a year - on - year decrease of 1.95% [2] - China's Manufacturing PMI in March 2025: The manufacturing PMI was 50.5%, up 0.3 percentage points from the previous month, and has been in the expansion zone for two consecutive months. The production index and new order index were 52.6% and 51.8% respectively, up 0.1 and 0.7 percentage points from the previous month. The procurement volume index was 51.8%, remaining in the expansion zone for two consecutive months. The equipment manufacturing industry PMI was 52%, up 1.2 percentage points from the previous month, and the new order index rose above 55%, reaching a new high since April 2023. The high - tech manufacturing industry PMI was 52.3%, up 1.4 percentage points from the previous month [5]