China's chemical output down, says CPCIA

Published: 27 May 2009 01:51:32 PST

China's chemical output down, says CPCIA The output value of China's petroleum and chemical sector amounted to Yuan 498.35 billion ($ 73.015 billion) in March, down 8.4 per cent over the same period last year, according to China Petroleum and Chemical Industry Association (CPCIA). To be specific, the chemical industry posted a year-on-year growth of 3 per cent for the month; the oil&gas exploration sector reported a year-on-year output decline of 41.9 per cent, while the output of the refining industry decreased 14.7 per cent as compared to last year.

March output lifted the total for the first quarter to Yuan 1.26 trillion, down 14 per cent year-on-year. At the end of March, China boasted of 33,555 up-scale enterprises in the petroleum and chemical industry, up 19.2 per cent over the same period of last year.