China November chemical output shows steady recovery

16 December 2009 09:24  [Source: ICIS news]

SHANGHAI (ICIS news)--China’s chemical output registered a steady year-on-year increase in November due to raised operating rates followed by a gradual recovery from the global financial crisis, industry sources said on Wednesday.

Most chemical products saw a double-digit jump in November output, led by calcium carbide which registered a 72.3% year-on-year increase. The polyvinyl chloride (PVC) sector showed a 66.5% year-on-year growth, according to data from China Petroleum & Chemical Industry Association (CPCIA).

"The output increase was not a result of any expanded capacity this year, but that of the market recovery and resumed operating rates as compared with last year," an industry source said.

A PVC market source said: "Rising prices and recovered demand boosted PVC and calcium carbide outputs in November, while the market was really bad this time of last year."

Market prices slumped last year due to the global financial crisis. Operating rates for PVC and calcium carbide sectors dropped to a low level of 30% in November 2008 following the crisis. The rates were lifted to 70-80% in November this year, leading to an year-on-year rise in the output, the source added.

Products

Nov-09

Jan-Nov 2009

Output ('000

tonnes)

% change*YOY

Output ('000 tonnes)

% change*YOY

Inorganic chemicals

Sulphuric acid

5,860

69.2

53,103

16.1

Concentrated Nitric acid

188

46.0

1,862

7.9

Hydrochloric acid

746

21.3

7,271

4.2

Caustic soda

1,827

52.9

17,627

6.8

Calcium carbide

1,441

72.3

13,741

4.7

Organic chemicals

Ethylene

989

33.6

9,507

3.6

Benzene

425

43.3

4,205

8.0

Methanol

1,014

18.4

10,216

-1.9

Acetic acid

248

33.1

2,468

3.2

Synthetic material

Synthetic resin and co-polymer

3,360

30.9

32,326

8.7

PE

779

29.4

7,288

4.8

PP

754

23.8

7,421

8.6

PVC

793

66.5

8,324

8.6

Synthetic rubber

251

40.3

2,487

8.1

Polyester

870

-5.9

10,529

13.7

Chemical fibre

2,604

21.4

25,008

14.9

Plastic product

4,145

18.6

40,252

9.6

Source: CPCIA

Penny Wang from CBI contributed to this article

For more on PVC and calcium carbide visit ICIS chemical intelligence
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

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index