The China Chemical Industry Purchasing Managers Index (CCPMI) for March 2021 released by the Hazardous Chemicals Logistics Branch of the China Federation of Logistics and Purchasing and Mobei (Shanghai) Biotechnology Co., Ltd. was 52.38%, an increase of 4.02 percentage points from the previous month. From the perspective of 18 sub-indices, 22 indexes have increased from the previous month. Among them, production volume, finished product inventory, new orders, and backlog orders have increased by more than 10%. The rising indices are 40.7% and 13.6 respectively. %, 20.38%, 23.61%; 1 index declined, and the ex-factory price of the main product fell 4.3%; the other 6 indexes were unchanged from the previous month.

International crude oil fluctuates at a high level, which is a positive support for the domestic bulk commodity journey. The bulk commodity trend is strong, the overall chemical market is picking up, and market trading activities resumed.

1. The purchase volume index was 48.21%, an increase of 9.94 percentage points from the previous month. From the perspective of enterprise scale, the purchase volume index of large and small and medium enterprises is 70% and 58.67% respectively.

2. The purchase price index was 74.4%, an increase of 8.97% 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 52.67%, which is higher than 50%.

3. The import index was 14.88%, an increase of 6.24 percentage points from the previous month. From the perspective of enterprise scale, the import indexes of large and small and medium-sized enterprises are 30% and 18.67% respectively, which are both lower than 50%.

4. The production volume index was 67.86%, an increase of 40.7% from the previous month. From the perspective of enterprise scale, the production indexes of large and small and medium-sized enterprises are 70% and 55.33% 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 53.57%, an increase of 9.13% from the previous month. From the perspective of enterprise scale, the employment index of large enterprises is 60%; the employment index of small and medium enterprises is 50.67%, which is higher than 50%.

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

9. The large, medium and small repair cost index was 70%, the same as last month. From the perspective 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 is 80%, the same as last month. In terms 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 49.4%, an increase of 13.6% from the previous month. From the perspective of enterprise scale, the finished product inventory indices of large and small and medium-sized enterprises are 50% and 52% respectively, which are higher than 50%.

12. The raw material inventory index was 57.74%, an increase of 4.65 percentage points from the previous month. From the perspective of enterprise scale, the raw material inventory index of large enterprises is 50%, and the raw material inventory index of small and medium-sized enterprises is 52%, which is higher than 50%.

13. The new order index was 61.31%, an increase of 20.38 percentage points from the previous month. From the perspective of enterprise scale, the new order index of large enterprises is 60%; the new order index of small and medium-sized enterprises is 52%, which is higher than 50%.

14. The new export order index was 25%, an increase of 8.95% from the previous month. From the perspective of enterprise scale, the new export order indexes of large and small and medium-sized enterprises are 40% and 26% respectively, which are both lower than 50%.

15. The backlog of orders index was 62.5%, an increase of 23.61 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%, which is less than 50%.

16. The ex-factory price index of main products was 66.07%, a decrease of 4.3% from the previous month. From the perspective of enterprise scale, the ex-factory price index of main products of large enterprises is 60%, higher than 50%; the ex-factory price index of main products of small and medium-sized enterprises is 42%, 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 54.76%, an increase of 4.14 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 50%.

Related Link: China's chemical industry purchasing managers index of Feb 2021 released

Source from MOLBASE