Coking Coal Market Report November 2012
2012-12-07 18:00:07 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Financial overview
1.1 PMI slightly up amid slow economic recovery in November
PMI of Chinese manufacturing industry was 50.6% in November, up by 0.4% from that of last month. The index had risen slightly and steadily in the past three months, but still hovered just above 50%.
Among 5 indexes in PMI, three indexes rose and two declined in November. New orders index rose fast by 0.8% from last month to 51.2% in November, the second consecutive month above 50%. With upcoming Chinese New Year, demand saw significant increase in wood processing, furniture manufacturing, electric apparatus manufacturing, automobile manufacturing, intercomputer communication electronic equipment and instruments manufacturing and tobacco processing industry.
Material inventory index was 47.9% in November, up by 0.6% from that of last month. It had risen in three consecutive months though it was still under 50%, indicating that inventory continued to decline in manufacturing industry and the decline narrowed consistently. Large-scale stockpiling did not occur as expectation.
1.1 PMI slightly up amid slow economic recovery in November
PMI of Chinese manufacturing industry was 50.6% in November, up by 0.4% from that of last month. The index had risen slightly and steadily in the past three months, but still hovered just above 50%.
Among 5 indexes in PMI, three indexes rose and two declined in November. New orders index rose fast by 0.8% from last month to 51.2% in November, the second consecutive month above 50%. With upcoming Chinese New Year, demand saw significant increase in wood processing, furniture manufacturing, electric apparatus manufacturing, automobile manufacturing, intercomputer communication electronic equipment and instruments manufacturing and tobacco processing industry.
Material inventory index was 47.9% in November, up by 0.6% from that of last month. It had risen in three consecutive months though it was still under 50%, indicating that inventory continued to decline in manufacturing industry and the decline narrowed consistently. Large-scale stockpiling did not occur as expectation.
