China’s sales of excavators to both domestic and overseas customers increased again in July, jumping by 13.9% on year to hit 19,521 units, according to the latest data released by the China Construction Machinery Association (CCMA). The growth slowed from June's 35.3% on-year leap, however.

China's PVC supply is expected to be shrink in the short run, thanks to the rising maintenance loss, and as the social inventory of PVC will continue to decline. However, the tightness will fail to bring a strong rebound for PVC market, given persistently weak domestic and export demand.

Last week, domestic spot alumina prices moved steadily with a weak bias, and market trading sentiment was muted. As of July 31, the weighted national average spot price for smelter-grade alumina with a minimum purity of 98.6% stood at Yuan 2,731/tonne, dropped Yuan 13 /tonne from a week earlier, acc