China's rubber industry stabilised in July

ERJ staff report (DS)

Beijing -- China's rubber industry stabilised in the month of July, after a downward trend in the early part of the year, according to the monthly economic report on the industry from the China Rubber Industry Association (CRIA)

CRIA said export growth has remained high, but profitability has been affected by increasing prices of synthetic rubber.

The Association tracks 402 companies in the rubber sectorin China and their combined output in the first seven months was 169.734 billion yuan. Total sales revenue was up by nearly 20 percent on last year, while exports were up by 34 percent on the same period in 2010. Profits, however, were lower.

In the tyre segment, sales were also up by around 20 percent, though volume increases were much lower at between 2 percent and three percent depending on segment. Export values were up by over 30 percent.

Other segments showed similar growth patterns

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Press release from CRIA (Chinese language)

Above Press release auto-translated from Chinese