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China June chemical output grows on demand revival

August 11/2009

August, 11, SHANGHAI (ICIS news) -- China’s chemical output improved in June, with some products registering annual double-digit growths, as soft revival of demand and the resulting high prices encouraged manufacturers to produce more, industry sources said on Tuesday.
“Rising prices and demand recovery boosted the chemical output,” said Wang Xixin, an analyst from Wuxi-based Guolian Securities.

Polyester output had the highest annual increase of 24.9% to 1.03m tonnes, with total production in the first six months rising 12.5% to 5.88m tonnes, based on data from China Petroleum and Chemical Industry Association (CPCIA).

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