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China Chemical Industry Report 2007 (Chinese Version)
Research In China, July 2007, Pages: 26
The total sales revenue of large-scaled enterprises (all state-owned enterprises and non state-owned enterprises with more than RMB 5 million of main business revenue) in the chemical industry amounted to RMB 1.0456 trillion from Jan to May of 2007, up 32.72% y-o-y. The total profit was RMB 6.27 billion, rising 75.42% y-o-y. The average sales profit rate was 6%, far higher than 4.54% in the same period of 2005.
In 2006, the output of panel glass, the largest client of pure alkali in the downstream, rose 13.3% y-o-y, and daily-use glass increased 14.4% and alumina ascent 54%. The pure alkali output capacity increase will be limited in China in 2007; it is forecasted to increase only 60,000 tons to reach 17.8 million tons in 2007. Meanwhile, it is forecasted that the output will increase 1 million tons to 16.87 million tons. In 2008, the production capacity will be likely to amount to 19.5 million tons.
The PVC production capacity amounted to 10 million tons in 2006, 70% of which were calcium carbide products. The PVC production capacity will be mainly calcium carbide PVC in the following two years. It is forecasted that more than 5 million tons of carbide PVC will be put into production in the following two years. The PVC demand will increase at the pace of 8.3% in China from 2006 to 2010.
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