B
Based on statistics released on the website of the National Development and Reform Commission (NDRC), operation of China's synthetic rubber industry in 2010 can be summarized in the following aspects.
-- Output grew steadily, and product mix further optimized.
Output of China's synthetic rubber industry reached 3.1 million metric tons (tonnes) in 2010, up 11.7 percent year on year.
In April 2010, the 30,000 tonnes brominated isobutylene isoprene rubber (BIIR) production facility of Sinopec's (NYSE:SNP) Yanshan branch and the 15,000 tonnes isoprene rubber (IR) production installation of Luhua Chemical's Maoming branch put into production, which fill the blanks of China's BIIR and IR production.
-- Prices gradually increased, and economic efficiency improved remarkably.
Key products of the synthetic rubber industry kept at high level in 2010 due to crude oil price surge and better macro economic anticipation.
Except chlorobutadiene rubber, whose price fell 1.1 percent in 2010, prices of styrene butadiene rubber (SBR), cis-1, 4-butadiene rubber, nitrile rubber, ethylene-propylene rubber (EPR), and Butyl rubber increased 42 percent, 64.3 percent, 31.4 percent, 15.6 percent, and 14.9 percent, respectively.
Sales and output ratio reached about 100 percent, with production and sales basically balanced.
Industrial profit reached 3.549 billion yuan in the first 11 months of 2010, up 38.3 percent year on year.
-- Foreign trade increased rapidly, with rising trade deficit.
China's imports and exports of synthetic rubber totaled 4.9 billion US dollars in 2010, up 50.9 percent year on year, and trade deficit of the industry cane to 3.71 billion US dollars, up 32.8 percent year on year.
Imports of the industry registered at 4.3 billion US dollars, up 42.6 percent year on year, while exports stood at about 600 million US dollars, up 164.1 percent year on year.
(Source: http://www.istockanalyst.com/article/viewiStockNews/articleid/4847386)
No comments:
Post a Comment