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  • Monthly Prosperity Index Analysis in 2020/07

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2020-08-27
  • [Rigid demand increased with recovery of popularity index, prospection was promising with continuous rising of prosperity index.]

        According to the monitor of “China•Yiwu Commodity Index”, which is also called “Yiwu Index”, the monthly prosperity index of July 2020 amounted to 1060.76 points, increased by 0.34% month on month while dropped by 9.26% year on year. The monthly price index of July 2020 amounted to 100.41 points, rose by 0.24% month on month and 0.23% year on year. With the ease of domestic epidemic, stocking activities increased with brisk market sentiment. Sales peak season of summer products has past, the changeover period has begun thus the enquiry activities have risen. Generally, the market benefit index and scale index have reached different degrees of rose.

     
     I. Analysis for the Composition of the Prosperity Index
     
        The monthly prosperity index of July 2020 amounted to 1060.76 points, increased by 3.62 points with an increasing range of 0.34% month on month, while dropped by 108.28 points year on year with a decreasing range of 9.26%. The monthly prosperity index can be divided into the following sub-indices:
        1. Scale index: The scale index of July amounted to 848.69 points, rose by 0.6 points month-on-month with a rising range of 0.07%, while dropped by 52.12 points year on year with a falling range of 5.79%. In terms of specific sub-indices, the trade turnover index, the trade volume index and the popularity index rose by 0.41%, 0.08% and 0.07% while the variety expansion index fell by 0.95% month on month.
        2. Benefit index: The benefit index of July amounted to 1401.29 points, rose by 11.99 points month-on-month with an rising range of 0.86%, while dropped by 284.98 points year on year with a falling range of 16.9%. In terms of specific sub-indices, the fund's turnover rate index and the average gross profit index rose by 3.64% and 3.60% respectively month on month, while the gross profit index and the commodities' turnover index fell by 4.68% and 3.27% respectively.
       3. Confidence Index: The confidence index of July, 2020 amounted to 1002.98 points, decreased by 0.74 points month-on-month with a falling range of 0.07%, and decreased by 6.48 points, with a falling range of 0.64%.
     
        Among the monthly prosperity index of 15 major categories, 6 of them have increased,the monthly prosperity indices of cases & bags, official & stationary products and sports & entertainment products have stayed in forefront, with a month on month increase of 5.91%, 5.72% and 5.67% respectively.   The monthly prosperity indices of cases & bags, jewelry and knitting & weaving products rose for two consecutive months, while the monthly prosperity indices of stationary & official products, personal care products and sports & entertainment products have rebounded in July.
        The other 9 of them have decreased, the monthly prosperity indices of toys, apparel & accessories and hardware & electrical appliances have stayed in forefront, with a month on month decrease of 12.92%, 9.95%, and 9.58% respectively.  The monthly prosperity indices of crafts, shoes and  electrical & electronic appliances have kept falling for two months, while the monthly prosperity indices of toys, apparel & accessories and hardware & electrical appliances, timepieces & eyeglasses, daily necessities and packaging & accessories have fallen after rising.
     II. Analysis for the Composition of the Monthly Price Index
        The monthly price index of July, 2020 amounted to 100.41 points, increased by 0.24 points month on month with an increasing range of 0.24%, and rose by 0.23 points year on year with an increasing range of 0.23%. In terms of specific sub-indices, the market direct transaction price index increased by 3.01% from the previous month, the export transaction price index and the market order transaction price index fell by 0.06% and 0.02% respectively, and the online transaction price index kept the same level with last month.
     
        Among the monthly price index of 15 major categories, 9 of them have increased, the monthly price indices of  electrical & electronic appliances, official & stationary products and hardware & electronics have stayed in forefront, rose by 1.51%, 0.63% and 0.42% respectively. The monthly price indices of jewelry, knitting & weaving products, arts & crafts and stationary & official products have rebounded in June, while the monthly price indices of cases & bags, electrical & electric appliances, hardware & electronic products, daily necessities and personal care products have increased for two consecutive months.
        While the other 6 of them have decreased,the monthly price indices of packaging & accessories, apparel & accessories and sports & entertainment products have stayed in forefront, dropped by 0.49%, 0.36% and 0.32% respectively.  The monthly price indices of sports & entertainment products and timepieces & eyeglasses have kept falling for two months, while the monthly price indices of packaging & accessories, apparel & accessories, shoes and toys have dropped after rising.
    III.  Analysis for the July’s Market Condition
        (1) Sales of seasonal products continued.
        With the continuous hot days in July, sales of summer products such as mosquito killers, ice silk mats, hand-held fans and summer quilts were in hot sales with flourishing wholesale and retail. The monthly prosperity indices of small home appliances and beddings rose by 64.88 points and 19.26 points. The popularity of audio & video euqipments, battery & related products and pet products were outstanding with the prosperity indices of which rose by 336.04 points, 87.94 points and 87.94 points respectively.
        (2)Vocation economy promoted the recovery of domestic sales.
        With the arrival of summer vacation, vocation economy promoted the sales of related industries such as tourism products and students products.  tourism products, student supplies and other related industries with frequency replenishments. With strengthened scenic preferential policy, more and more people went out for visit, caused the rising of scenic procure demands for tourism related products, the trade volume index of artistic crafts rose by 38.02 points. With the opening of summer cram schools for domestic students, the market for paper products, writing instruments and stationary & educational supplies were optimistic, with the average gross profit of which rising by 361.89 points, 212.83 points and 322.46 points respectively.
        (3) The foreign trade has increased slightly.
        As the epidemic slowed down in some regions, the overall foreign trade market has picked up with increasing merchants from Middle East. The trade turnover indices of neck jewelry and hair jewelry trade rose by 117.57 points and 47.06 points respectively compared with the previous month. In July , the Christmas products have ushered in the foreign trade peak season. The commodities turnover rate index of paper products and inflatable toys  rose by 571.81 points and 329.76 points respectively month on month.
    IV. Analysis for the Marketing Trends
        1. Summer products were still hot sellers with continuous hot days, sales of related industries such as apparel & accessories, knitting & weaving products and small home appliances tended to be rising.
        2. Periodic procurement would become the hot spot of market since the ease of domestic epidemic. The hot selling of Christmas items was expected to promote the foreign trade.
        3. With the approaching of sales peak season of wedding and decoration products in the second half year, the demands for wedding supplies, festival products, construction & decoration hardware rebounded.