China October petrochemical industry revenue up 9.9% - CPCIA

19 November 2009 09:58  [Source: ICIS news]

SHANGHAI (ICIS news)--China’s petroleum and chemical industries increased revenues steadily in October, after returning to positive growth in September, due to recovered demand, according to data released by an industry association on Thursday.

The country’s petrochemical revenue in October rose 9.9% year on year to yuan (CNY) 612.17bn ($89.6bn), the China Petroleum and Chemical Industry Association (CPCIA) said.

From January to October, total revenue from China's petrochemical industries slipped 6% year on year to CNY5,290bn, according to the data.

"The petrochemical industry is now suffering challenges, including continual sluggish market, overcapacity, dropping investment and hard export performance," an official from the CPCIA said.

($1 = CNY6.83)

Judith Wang contributed to this article

For more on petrochemicals visit ICIS chemical intelligence
See John Richardson’s
Asian Chemical Connections Blog
To discuss issues facing the chemical industry go to
ICIS connect

By: Dolly Wu
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly