The purchasing manager index (ccpmi) of China's chemical industry in October 2020, released by the hazardous chemicals logistics branch of China Federation of logistics and purchasing and Mobei (Shanghai) Biotechnology Co., Ltd., was 53.37%, up 0.98 percentage points from the previous month. After returning from the holiday in October, the market demand started, and the domestic economy developed strongly and the demand increased. However, the port inventory is still at a high level, and the inventory pressure always exists; the overseas epidemic situation accelerated the rebound, inhibited the growth of demand, crude oil fell to the lowest point in May, and the ccpmi index rose slightly in October.
From the perspective of 18 sub indexes, there were 8 indexes that rose month on month, among which finished goods inventory and order backlog increased by more than 5%, which increased by 11.83% and 6.99% respectively; four indexes decreased, of which the factory price of main products decreased by more than 5%, with a decrease of 8.77%; and the other six indexes remained unchanged with the previous month.
After the festival, the demand of the terminal market recovered, and the domestic chemical industry sector had a good overall transaction. The purchase volume increased by 1.05%, the import increased by 2.37%, the new orders increased by 1.52%, and the backlog increased by 2.11%. On the price side, Norwegian oil workers went on strike this month, and the hurricane led to a halt in crude oil production in the Gulf of Mexico, and the purchase price rose by 2.3%. The overseas epidemic situation accelerated the rebound, curbed crude oil demand, and increased concerns about the prospect of demand. The ex factory price of main products decreased by 8.77%. In terms of inventory, the upstream manufacturers mainly consumed inventory, and the inventory of raw materials decreased by 2.88%. However, due to the poor market circulation, the inventory of main products increased by 11.83%.
In addition, the market should also pay attention to:
At present, the number of new confirmed cases in a single day of the global epidemic situation has increased sharply. France and Germany have announced the national implementation of the city closure initiative, and overseas vaccine research and development has been frustrated; new asymptomatic infections in Xinjiang, China, and close contacts have been detected. We are looking forward to the good news of the vaccine.
The crude oil showed a downward trend in October. Although the oil workers in Norway went on strike and the hurricane caused the offshore crude oil in the Gulf of Mexico in the United States to stop, OPEC + will firmly implement the joint production reduction agreement; however, the production of Libya has increased, the overseas epidemic situation has rebounded, and the demand for crude oil has been suppressed. France and Germany have taken measures to close down cities again. The epidemic situation in Europe and the United States has continued to deteriorate, and the economic weakness is difficult to change. The national special inspection and rectification of hazardous chemicals storage safety continued. In recent years, the requirements of safe production and green development in China are increasing day by day. During the "14th five year plan" period, following the promotion of the layout of the park, the chemical industry park should grasp the new pattern of dual circulation and lead the industry to achieve new breakthroughs in five aspects: first, a new breakthrough in the upgrading of industrial structure; second, a new breakthrough in innovation capacity; third, a new breakthrough in the integrated and efficient management service; fourth, a new breakthrough in the cultivation of leading enterprises; and fifth, a new level of economic efficiency and economic efficiency Breach. China's chemical industry parks should change from scale expansion to quality and efficiency improvement, comprehensively enhance the comprehensive strength and sustainable development of chemical industry parks, and promote the high-quality development of chemical industry parks.
Source: official account of the Mo Bay
