China Petrochemicals Q2 2019
China's petrochemicals industry saw a slowdown in 2018 with ethylene output falling 0.6% to 18.2mn tonnes whileprimary plastics production fell 14.4% to 69.7mn tonnes and plastic products fell 2.5% to 85.0mn tonnes. The industry's aggregateprofit reached CNY839.4bn (USD125bn) in 2018, accounting for 12.7% of the total generated by the country's major industrialenterprises, while exports grew 22% to CNY701.9bn. A mounting trade war between the US and China is affecting chemicals tradebetween the two countries as well as manufactured products that use petrochemicals.
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