VIDEO: China auto sales and costs disconnect from profitability

20 April 2016 11:40 Source:ICIS News

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 details on how to subscribe, please email click
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By Mark Victory