VIDEO: China auto sales and costs disconnect from profitability
Mark Victory
20-Apr-2016
LONDON (ICIS)–In this video, Mark Victory, lead editor of the Global ICIS Automotive report, discusses recent trends in automotive petrochemicals and explores the disconnect between rising China auto sales figures, falling raw material costs, and automobile and auto parts manufacturers’ profits.
Filmed by: Tom Brown
Edited by: Mark Victory
The automotive industry is a
major global consumer of petrochemicals which contribute more
than a third of the raw material costs of an average vehicle.
ICIS tracks the movement of petrochemical raw material costs
in auto production both globally and regionally with the
weighted ICIS Basket of Automotive Petrochemicals
(IBAP).
ICIS produces a monthly Global Automotive report
covering the major automotive chemicals
markets, the auto-industry, the IBAPs and
macroeconomic trends. For more information on the report and
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