2022-05-03
China's chemical industry purchasing managers index of Nov 2021 released
Abstract
The China Chemical Industry Purchasing Managers Index (CCPMI) for November 2021 released by the Hazardous Chemicals Logistics Branch of China Federation of Logistics and Purchasing and MOLBASE. The CCPMI index was 49.88% with a MoM decrease of 0.54%.
The China Chemical Industry Purchasing Managers Index (CCPMI) for November 2021 released by the Hazardous Chemicals Logistics Branch of the China Federation of Logistics and Purchasing and MOLBASE was 49.88%, a decrease of 0.54 percentage points from the previous month.
From the perspective of 18 sub-indices, 6 indexes have increased from the previous month. Among them, raw material inventories have increased by more than 5%, with an increase of 5.13%; 5 indexes have declined, with a decrease of more than 10%. There were purchase prices, new orders, and backlog orders, with declines of 21.15%, 11.54%, and 14.10% respectively; the other seven indexes were the same as last month.
In November, the CCPMI index dropped slightly, lowering the line of prosperity and decline, strengthening energy security, and stabilizing market prices. Policies such as strengthening energy security and stabilizing market prices have achieved significant results. Production capacity has been released, prices have fallen, downstream market demand has been weak, and the overall center of gravity of international crude oil has moved downward. The chemical