High Oil Price Continues to Support High Profit

October 2005
China Chemical Reporter;10/16/2005, Vol. 16 Issue 29, p23
Trade Publication
This article presents data showing the increasing profitability of China's petrochemical industry which is expected to be continued due to high oil prices. During January to June 2005, China's petrochemical industry, reportedly, achieved sales revenue of RMB1481.681 billion, increasing by 35.41% compared with the same period of last year, and recorded total profit of RMB171.473 billions, a rise of 37.28%. Presently 98 petrochemical companies that are listed publicly in domestic stock market disclosed their economic report for the first half of 2005. Three factors are identified as major profit-boosters of the industry: high crude oil price, brisk domestic demand, and improved management. Global crude oil price in the second half of 2005 is expected to continue to maintain high level.


Related Articles

  • Brazilian government feels naphtha pressure. Robinson, Simon // ICIS Chemical Business;5/29/2006, Vol. 1 Issue 21, p15 

    The article reports the decision of Brazilian companies in the plastics production chain to meet with Brazil's Ministry of Development to negotiate lower naphtha prices. Brazilian petrochemicals are expecting a 25% hike in naphtha prices in 2006. Petrobras, faced with supply problems, hiked...

  • Cheap oil brings no cheer for petchems.  // Chemical Week;12/8/1993, Vol. 153 Issue 22, p8 

    Reports on the reaction of European petrochemical produces on the slump in crude oil prices. Decrease of benchmark Brent crude; Organization of Petroleum Exporting Countries' failure to agree on output cuts; Drop in naphtha feedstock prices.

  • Paraxylene makers seek hike while market is still tight. Brand, Tony // Chemical Market Reporter;09/08/97, Vol. 252 Issue 10, p10 

    Reports on the plans to increase contract prices for the petrochemical paraxylene in the United States, for the fourth quarter of 1997. Effects of pressures from Asia on the proposed price increase; Contract nominations issued by key paraxylene manufacturers; Paraxylene prices in the third...

  • Market Briefs.  // Chemical Market Reporter;11/09/98, Vol. 254 Issue 19, p18 

    Presents updates on petrochemical prices in the United States, as of November 1998. Includes spot prices for benzene, toluene and xylenes; Contract prices of ethylene; Decline in methanol prices.

  • Market briefs.  // Chemical Market Reporter;06/08/98, Vol. 253 Issue 23, p14 

    Presents news briefs related to petrochemical prices in the United States, as of June 8, 1998. Includes Shell Chemical Co. and Union Carbide Corp.'s increase of acetic esters prices; Increase in the off-schedule price for acetone; Pricing of oxo chemicals.

  • Calm after the storm. Everett-Heath, Tom // MEED: Middle East Economic Digest;11/19/1999, Vol. 43 Issue 46, p7 

    Reports on the performance of the Middle East petrochemicals industry in 1999. Decline of oil prices; Collapse of major markets in the Far East; Optimism on the prospects of the industry.

  • How long will the good times last?  // European Chemical News;2/14/2005, Vol. 82 Issue 2134, p5 

    Focuses on concerns on the growth of the petrochemical industry following strong performance in 2004. Reasons for the strong performance of the industry; Outlook for the global gross domestic product growth; Impact of oil price decrease on petrochemical producers.

  • Global Overview.  // USA Petrochemicals Report;Q4 2010, p9 

    The article presents an overview and forecasts for the global petrochemicals market. Demand for ethylene in 2009 reached 113 millions and is expected to grow around 140 million tonnes by 2015, with the Gulf countries accounting for 20% of production in 2010. An outlook for the global oil product...

  • India among key emerging markets for West Asian petrochemicals firms: Study.  // Popular Plastics & Packaging;Dec2012, Vol. 57 Issue 12, p61 

    The article reports on a study by Roland Berger Strategy Consultants, which claims that India is among the most important growth markets for companies from the West Asia. The study assesses the situation across the industry and outlines probable solutions. Increasing oil and gas prices are...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics