Judging from the 18 sub-indices, 12 indexes rose from the previous month, of which new orders, production volume and purchase volume increased by about 50%, respectively 52.11%, 50.92% and 46.5%; 1 The index's reverse logistics trend remained the same as last month. There are five indexes that have been adjusted down to varying degrees. Among them, the purchase price index fell the most, down by 16.67%, followed by the large, medium and small repair cost index by 10%.
In March, China's epidemic prevention and control situation continued to improve, the order of production and life was steadily restored, and the resumption of production and production of enterprises significantly accelerated. The CCPMI index fell sharply last month and rose back month-on-month. After the chemical products market resumed production in March, the operating rate of the equipment continued to increase, and many companies made up their positions on demand. Production volume, new orders, and backlog orders all rebounded to varying degrees, up 50.92%, 52.11%, and 21.84%, respectively; the market resumed production acceleration, and on the demand side, the purchase volume index rose 46.5%. Import and export orders were basically stagnant in February, and reworkers quickly rushed to deal with the backlog of orders after the expiration of the isolation period. Both China's imports and exports rebounded, Chinese imports rose 5.3%, and new export orders rose 20.25%.
The market also needs to pay attention
The global epidemic continues to increase, and the global economic recession in 2020 is basically a foregone conclusion. In addition, the severity of the outbreak may have exceeded expectations, and there are many uncertainties such as repetition. Before the end of the outbreak, normal economic activities cannot be fully recovered.
The fluctuation of crude oil market has had a great impact on the recent chemical products market, and the trend of crude oil is affected by the game between the relevant major oil-producing countries. It is still in great turmoil. Most of the bulk chemical products have fallen below the cost and are at historical lows. Operating in a range, some products even fell below the price level in 2008. In the short term, the market for chemical products is still in a weak position, and the downward space is limited, and it will continue for a period of time.
In recent years, the competitiveness of the domestic chemical industry has continued to increase, and domestic production occupies an important position in the global industrial chain. In the context of continuous fermentation of overseas epidemics, the decline in export demand may have a greater impact on many chemical products. Rubber additives, titanium dioxide, polyurethane, dyes, phosphorus chemicals, fertilizers and other related products have a greater impact.
