The China Chemical Industry Purchasing Managers Index (CCPMI) for July 2021 released by the Hazardous Chemicals Logistics Branch of the China Federation of Logistics and Purchasing and MOLBASE (Shanghai) Biotechnology Co., Ltd. was 52.24% with a MoM decrease of 0.04%. From the perspective of 18 sub-indexes, 5 indexes have increased month-on-month. Among them, purchase prices and production volumes rose by more than 5%, with increases of 6.74% and 11.69% respectively; 7 indexes declined, of which the inventory of finished goods with a decline of more than 5%, fell by 6.01%; the other 6 The index was unchanged from last month.

In August, the CCPMI index did not change much. The rapid spread of Delta mutant strains caused the global epidemic to continue to be severe, which dragged down demand. The overall domestic demand for chemical products was weak. Crude oil first fell and then rose, still at a high level, supported by the cost side. Stronger, so compared with the previous month, the activity of the chemical market has not changed much this month.

1. The purchase volume index was 47.40%, a decrease of 0.19 percentage points from the previous month. From the perspective of enterprise scale, the purchase volume index of large and small and medium-sized enterprises is 60% and 54.67% respectively.

2. The purchase price index was 68.18%, an increase of 6.74 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 52.67%, which is higher than 50%.

3. The import index was 10.39%, a decrease of 2.26 percentage points from the previous month. From the perspective of enterprise scale, the import index of large and medium-sized enterprises is 30% and 14% respectively, which are both lower than 50%.

4. The production volume index was 61.69%, an increase of 11.69 percentage points from the previous month. From the perspective of enterprise scale, the production indexes of large and small and medium-sized enterprises are 60% 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 50.65%, a decrease of 2.36 percentage points from the previous month. From the perspective of enterprise scale, the employee index of large enterprises is 50%; the employee 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-sized 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. 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 46.1%, down 6.91 percentage points from the previous month. From the perspective of enterprise scale, the finished product inventory index of large enterprises is 50%, and the finished product inventory index of small and medium-sized enterprises is 52%, which is higher than 50%.

12. The raw material inventory index was 54.55%, an increase of 0.33 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 52%, which is higher than 50%.

13. The new order index was 47.4%, an increase of 2.22 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-sized enterprises is 52%, which is higher than 50%.

14. The new export order index was 24.03%, an increase of 3.54 percentage points 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 46.1%, a decrease of 0.28 percentage points from the previous month. From the perspective of enterprise scale, the backlog order index for large enterprises is 50%; the backlog order index for small and medium-sized enterprises is 48%, which is less than 50%.

16. The ex-factory price index of main products was 50%, a decrease of 4.22 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 42%, 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 46.75%, a decrease of 4.45 percentage points from the previous month. From the perspective of enterprise scale, the delivery time index for large-scale enterprise suppliers is 50%, and the delivery time index for small and medium-sized enterprise suppliers is 50%.

Survey description 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 corporate procurement, production, circulation, etc., and 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 dividing 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, sampling with unequal probability in proportion 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. However, 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, and the data fluctuates greatly due to seasonal factors. The CCPMI composite index and sub-indices released now are all seasonally adjusted data.

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China's chemical industry purchasing managers index of Jul 2021

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Souce from MOLBASE