China's Petrochemical Industry's Revenue Up 9,8% in Jan-Oct
OREANDA-NEWS. January 14, 2014. The total core business revenue of petrochemical enterprises in China grew 9.8% year on year to RMB 9.68 trillion in the first ten months of this year, according to figures from the National Development and Reform Commission.
The industry's gross profit jumped 30.5% year on year to RMB 356.8 billion from Jan to Oct as the oil refining sector swung to a profit.
The petrochemical industry's overall profit margin on sales was at 3.7% in the ten period, with a 1% profit margin in the oil-refining sector, a 4.7% in the chemical sector, a 3.4% in the basic chemical material sector, a 3.6% in the fertilizer sector, a 7.2% in the farm chemical sector, a 3.0% in the synthetic material sector, a 6.4% in special chemical product sector and a 6.4% profit margin in the rubber product sector.
From Jan to Nov, the country's output of oil products rose 4.7% year on year to 270.28 million metric tons, and that of ethylene grew 8.4% to 14.75 million metric tons. The country produced 53.07 million metric tons of synthetic resin and 3.73 million metric tons of synthetic rubber in the eleven month period, reflecting a growth of 10.9% and 6.1% year on year, respectively.
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