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China – Chemical Raw Material Industry 2008-2009 Analysis Added to Reportbuyer.com - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report
China – Chemical Raw Material Industry 2008-2009 Analysis Added to Reportbuyer.com

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/02/24 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report.

   
 
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According to the report “Research Report on Chinese Basic Chemical Raw Material Industry 2008-2009” the Chinese basic chemical raw material industry is composed of the manufacturing of inorganic acid, inorganic soda, inorganic salt, organic chemical raw materials and other basic chemical raw materials.

In 2009H1, the Chinese chemical raw material manufacturing industry began to recover from the recession. However, there was still unoptimistic production and sales. From January to May 2009, the sales revenue of the raw material industry came up to RMB 312.945 billion with a year-on-year (YOY) decrease of 13.31%. The growth rate dropped by 46.79% YOY.

The 40 page report states that by 2009Q2, the ex-factory price index of the Chinese chemical raw material and chemical product industry continued to fall. In June 2009, the ex-factory price index dropped by 33.86 compared with the highest point in August 2008.

On June 5th, 2009, the Standardisation Administration of China, National Development and Reform Commission and the Ministry of Industry and Information Technology issued an adjustment and revitalisation plan; It explicitly indicates that the technical support role of the standardisation includes an adjustment and revitalisation of ten major industries including the petrochemical industry. Accordingly, the Chinese Petroleum and Chemical Industry Association has declared they will improve the chemical industrial standard system and enhance its discourse through joining the international standard formulation.

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China – Chemical Raw Material Industry 2008-2009 Analysis Added to Reportbuyer.com

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