As macro-economy keeps growing and demands downstream continue increasing since 2009, the price of chemical products takes a sustained ascending trend and the industrial profit has risen steadily. From Jan to May 2009, China chemical industry achieved the sales revenue of USD 0.3 billion, up 31.61% year on year. Its growth rate doubled that the same period of 2008.
Through high-speed development in recent years, China chemical industry already has a certain scale. But in comparison with that of the developed countries, the technology was relatively low and the industrial structure was not quite reasonable and even some sub-industries with advantages perform not so well, as their development still depend on energy wasting industries, causing serious pollution. So the market leaves a huge space for foreign companies to perform.
In the supply market, more than 3000 suppliers are claim to provide chemical products and ready to export. From stated-owned to private corporate form, small to large production scale, local to international quality control standard, non-certified to certified products, etc. Anybody who has the plan to source from China must pay enormous attention to the diversity and uncertainty in the Chemical supplying market. Be cautious on the supplier¡¯s credibility and capability is always the priority. Pre-evaluation is the key action before placing any orders.
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