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    Home > Chemicals Industry > China Chemical > CCPMI fell to the line of prosperity and decline in February, indicating that the chemical market activity has declined

    CCPMI fell to the line of prosperity and decline in February, indicating that the chemical market activity has declined

    • Last Update: 2023-03-05
    • Source: Internet
    • Author: User
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    A few days ago, the China Chemical Industry Purchasing Managers Index (CCPMI) in February released by the China Federation of Logistics and Purchasing Hazardous Chemicals Logistics Branch was 46.
    78%, down 3.
    45 percentage points from the previous month, falling below the line of prosperity and decline
    .

    Judging from the 18 sub-indices, 7 indices increased from the previous month, among which the ex-factory prices of main products increased by more than 10%, an increase of 22.
    08%; 4 indexes decreased, of which the decrease exceeded 10% The production volume and new orders fell by 14.
    29% and 11.
    04% respectively
    .
    In addition, seven indexes were unchanged from the previous month
    .

    February coincided with the Spring Festival holiday and the Winter Olympics.
    Upstream manufacturers adjusted their production plans.
    Many factories stopped production or reduced their load.
    The production volume index fell by 14.
    29%.
    The recovery of terminal demand was slow, and the market needed time to buffer, and the purchase volume index fell by 9.
    74%.
    , new orders fell by 11.
    04%; crude oil showed an overall upward trend in February, driving downstream products to rise, the chemical industry's raw material procurement costs continued to increase, product sales prices rose simultaneously, the overall price level rose, the purchase price rose 9.
    09%, the main product The ex-factory price rose by 22.
    08%
    .

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