IHS Chemical Week

People & Business :: Earnings/Finance

Sinopec's chemical losses narrow

9:47 AM MDT | October 30, 2013 | Deepti Ramesh

Sinopec’s chemicals segment reports an operating loss of 59 million renminbi ($9.8 million) in the first nine months of 2013 compared with an operating loss of Rmb292 million in the first nine months of 2012. The chemicals segment reports a 7.6% rise in sales in the first nine months of 2013, to Rmb315.9 billion. Sinopec's ethylene output increased by 5.3% in the first nine months compared with the year-ago period, to 7.39 million m.t. Sinopec’s production of plastics increased 2.6% in the first nine months, to 10.22 million m.t, output of synthetic...

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