China’s Chemical Industry Purchasing Manager Index for October released

Abstract

The China Chemical Industry Purchasing Managers Index (CCPMI) for October 2020 released by the Hazardous Chemicals Logistics Branch of the China Federation of Logistics and Purchasing and MOLBASE. The CCPMI was 53.37% with a 98% increase from the previous month.

The China Chemical Industry Purchasing Managers Index (CCPMI) for October 2020 released by the Hazardous Chemicals Logistics Branch of the China Federation of Logistics and Purchasing and MOLBASE. The CCPMI was 53.37% with a 98% increase from the previous month. From the perspective of 18 sub-indices, 8 indexes have increased from the previous month. Among them, the inventory of finished products and the backlog of orders with an increase of more than 5% have increased by 11.83% and 6.99% respectively; 4 indexes have increased. Decrease, among which the ex-factory prices of main products, which fell by more than 5%, fell by 8.77%; the other six indices were the same as last month.

Returning from the October holiday, market demand started, the domestic economy developed strongly and demand increased. However, port inventories are still at a high level, and inventory pressure is always present; overseas epidemics have accelerated to rebound, suppressing demand growth, crude oil fell to the lowest point in May, and the CCPMI index rose slightly in October.

1. The procurement volume index was 62.50%, an increase of 1.05 percentage points from the previous month. From the perspective of enterprise scale, the purchasing volume index of large and small and medium enterprises is 60% and 55% respectively.

2. The purchase price index was 63.75%, an increase of 2.3 percentage points from the previous month. From the perspective of enterprise scale, the purchase price index of large enterprises is 50%; the purchase price index of SMEs is 53.13%, which is higher than 50%.

3. The import index was 15.63%, an increase of 2.37 percentage points from the previous month. From the perspective of enterprise scale, the import index of large and small and medium enterprises is 30% and 16,88% respectively, which are both lower than 50%.

4. The production volume index was 60.63%, a decrease of 1.42 percentage points from the previous month. From the perspective of enterprise scale, the production indexes of large and medium and small enterprises are 60% and 54.38% respectively, both higher than 50%.

5. The fixed asset investment index was 50%, the same as last month. From the perspective of enterprise scale, the fixed asset investment index of large and medium-sized enterprises is 50%.

6. The employment index was 54.38%, an increase of 4.38 percentage points from the previous month. In terms of enterprise scale, the employment index of large enterprises is 50%; the employment index of small and medium enterprises is 46.25%, which is less than 50%.

7. The safety education index is 60%, the same as last month. From the perspective of enterprise scale, the safety education index for large and medium-sized enterprises is 60%, which is higher than 50%.

8. The project research index is 50%, the same as last month. From the perspective of enterprise scale, the project safety index of large and medium-sized enterprises is 50%.

9. The large, medium and small repair cost index was 70%, the same as last month. In terms of enterprise scale, the repair cost index for large, medium and small enterprises is 70%, which is higher than 50%.

10. The environmental protection index was 80%, the same as last month. From the perspective of enterprise scale, the environmental protection index of large and medium-sized enterprises is 80%, which is higher than 50%.

11. The finished product inventory index was 60.63%, an increase of 11.83 percentage points from the previous month. From the perspective of enterprise scale, the finished product inventory indexes of large and medium-sized enterprises are 50% and 51.88% respectively, both higher than 50%.

12. The raw material inventory index was 53.75%, a decrease of 2.88 percentage points from the previous month. From the perspective of enterprise scale, the raw material inventory index of large enterprises is 60%, and the raw material inventory index of small and medium-sized enterprises is 49.38%, which is less than 50%.

13. The new order index was 58.75%, an increase of 1.52 percentage points from the previous month. From the perspective of enterprise scale, the new order index of large enterprises is 50%; the new order index of small and medium enterprises is 52.5%, which is higher than 50%.

14. The new export order index was 25%, an increase of 2.11 percentage points from the previous month. From the perspective of enterprise scale, the new export order indexes of large and small and medium enterprises are 40% and 25.63%, respectively, which are both lower than 50%.

15. The backlog of orders index was 60%, up 6.99 percentage points from the previous month. From the perspective of enterprise scale, the backlog of orders for large enterprises is 50%; the index for backlogs of small and medium-sized enterprises is 48.75%, which is less than 50%.

16. The ex-factory price index of main products was 57.5%, a decrease of 8.77 percentage points from the previous month. From the perspective of enterprise scale, the ex-factory price index of main products of large enterprises is 60%, which is higher than 50%; the ex-factory price index of main products of small and medium-sized enterprises is 41.25%, which is lower than 50%.

17. The reverse logistics index was 60%, the same as last month. From the perspective of enterprise scale, the reverse logistics index of large and medium-sized enterprises is 60%, which is higher than 50%.

18. The supplier delivery time index was 46.25%, a decrease of 0.74 percentage points from the previous month. From the perspective of enterprise scale, the delivery time index of large-scale enterprise suppliers is 50%, and the delivery time index of small and medium-sized enterprise suppliers is 48.75%.


Survey of purchasing managers in China's chemical industry

1. Explanation of main indicators

The China Chemical Industry Purchasing Manager Index (CCPMI) is based on the China Manufacturing Purchasing Manager Index (PMI). It focuses on the characteristics of the chemical industry and expands the application of the PMI index in industry segments. It is an index compiled and compiled through the statistical summary and compilation of the monthly survey results of the purchasing managers of Chinese chemical companies. It covers all aspects of the company’s procurement, production, and circulation. It can objectively analyze the overall operation and development of my country’s chemical manufacturing industry as a special industry. Trends and changes. CCPMI usually uses 50% as the demarcation point of economic strength. When CCPMI is higher than 50%, it reflects the economic expansion of the chemical industry; when it is lower than 50%, it reflects the economic contraction of the chemical industry.

2. Investigation method

According to the contribution of chemical product categories to the added value of the entire chemical industry, a stratified sampling method of PPS (that is, unequal probability sampling proportional to the size of the enterprise) is adopted to determine the sample enterprises.

3. Calculation method

The chemical industry purchasing manager survey questionnaire covers purchasing volume, purchasing price, import volume, production volume, investment in fixed assets, employees, safety education and training, project research, repair costs for large, medium and small, environmental protection, finished product inventory, and main industrial raw material inventory , New orders, backlog orders, main product ex-factory prices, reverse logistics, supplier distribution and other 18 issues. Raw material orders are handled separately in advance days, and open issues are not included in the calculation. The diffusion index method is adopted for the single index, and the weighted comprehensive index method is adopted for the comprehensive index.

4. Seasonal adjustment

The Chemical Purchasing Manager Survey is a monthly survey. The data fluctuates greatly due to seasonal factors. The CCPMI composite index and the sub-indices currently released are all seasonally adjusted data.

Source from MOLBASE


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