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Article: Production and prices continue to climb.(MARKET REPORT: Tracing)
- Article from:
- China Chemical Reporter
- Article date:
- June 26, 2007
- Author:
CopyrightCOPYRIGHT 2007 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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According to the CPCIA (China Petroleum and Chemical Industry Association), production continued to grow rapidly in May this year. Viewing upon the 65 chemicals tracked by CPCIA, the output of 63 chemicals increased compared with the same period of 2006, while 49 chemicals enjoyed a double digit growth rate. Sales and trading were active, and prices climbed. Among 151 chemicals recorded, the prices of 76 chemicals went up more than in the preceding month.
Production
In May China's total industrial production was RMB443.42 billion, an increase of 19.5% year on year, of which gross production in the crude and natural gas exploration sector was RMB69.78 billion, falling ...