The China Chemical Industry Purchasing Managers Index (CCPMI) for November 2020 released by the Hazardous Chemicals Logistics Branch of China Federation of Logistics and Purchasing and MOLBASE. The CCPMI index was 53.18% with a MoM decrease of 19%. In November, the CCPMI index dropped slightly from the previous month, domestic demand stabilized and recovered, and crude oil prices rose. However, domestic port inventories are still at a high level, and destocking is still expected in the short term; the overseas epidemic situation has continued to deteriorate, and many European countries have restarted blockade measures.

1. The procurement volume index was 59.74%, a MoM decrease of 2.76%. From the perspective of enterprise scale, the purchasing volume index of large and small and medium-sized enterprises is 60% and 54.55% respectively.

2. The purchase price index was 49.35%, a MoM decrease of 14.4%. From the perspective of enterprise scale, the purchase price index of large enterprises is 50%; the purchase price index of SMEs is 52.6%, which is higher than 50%.

3. The import index was 15.58%, a MoM decrease of 4%. From the perspective of enterprise scale, the import index of large and medium-sized enterprises was 30% and 14.94%, both lower than 50%.

4. The production volume index was 64.29%, a MoM increase of 3.66%. From the perspective of enterprise scale, the production indexes of large and medium-sized enterprises are 60% and 53.9% 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 51.3%, a MoM decrease of 3.08%. From the perspective of enterprise scale, the employment index of large enterprises is 50%; 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 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 small and medium 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 47.4%, a MoM decrease of 13.22%. From the perspective of enterprise scale, the finished product inventory indexes of large and medium-sized enterprises are 50% and 53.25% respectively, both higher than 50%.

12. The raw material inventory index was 51.3%, a MoM decrease of 2.45%. 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 53.25%, which is higher than 50%.

13. The new order index was 66.23%, a MoM increase of 7.48%. 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 53.25%, which is higher than 50%.

14. The new export order index was 27.92%, a MoM increase of 2.92%. From the perspective of enterprise scale, the new export order indexes of large and small and medium-sized enterprises are 40% and 23.97% respectively, which are both lower than 50%.

15. The backlog of orders index was 57.79%, a MoM decrease of 2.21%. 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 49.35%, which is less than 50%.

16. 16. The ex-factory price index of main products was 57.79%, a MoM increase of 29%. 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 43.51%, 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 55.19%, a MoM increase of 8.94%. 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%

Related Link: China's Chemical Industry Purchasing Manager Index for October

Source From MOLBASE