Jan 2011: Overall, China’s rubber industry’s economic performance has stabilized, it is predicted that there would be significant growth in this industry this year. However, it is believed that exports will continue to show a downward trend. Fluctuations are expected in raw material prices. Controlling industry cost has become more difficult and efficiency in this sector has gone down. According to the statistics collected by 11 chapters and 414 member companies for; tires, cycle tires, hose tape, rubber products, rubber, latex, carbon black, rubber utilization, machine tooling, rubber additives, and reinforcing materials, the month of January of 2011 will have an industrial output of 279.442 billion Yuan if prices are to stay at the current values, an increase of 18.66%; Sales revenue of 287.175 billion Yuan, up 19.38%; export delivery value of 80.283 billion Yuan, down 6.11%, a profit of 9.042 billion Yuan, down 5.42%; 338 key enterprises (not including additives, strengthening) 55 losses, a loss of 16.27%; losses of 728 million Yuan. |
