ERJ staff report (DS)
Beijing -- The rubber industry in China generated 19 percent more sales in the first nine months of 2011, compared with the same period a year ago. However, volumes were up by around 3 percent. The rest of the growth was due to incresaed selling prices.
Even though prices were higher, that did not prevent more companies descending into losses, according to a monthly report from the Chinese Rubber Industries Association (CRIA).
In the tyre segment, CRIA tracks 45 of its member companies. Together, these reported production volumes up by 2.64 percent over the nine months, while revenues were up by 20.3 percent. Radial tyre production was up by 5.9 percent, and now comprises 86.5 percent of all tyre production.
Output of bicycle tyres fell by just under one percent in te nine months, despite an increase of 13 percent in revenues.
In rubber products, the CRIA tracks 45 companies. Unit production at constant prices rose by 18.3 percent. Notable growth areas were in O-rings and automotive antivibration systems.
Carbon black output was up by 16 percent in volume and 23.5 percent in value. Export value increased by 151 percent.
A long report on the status of the industry can be found at the links below.
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Report on CRIA website Chinese language
Above report auto-translated from Chinese