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Chinese leading coal chemical firms report yearly rise in October sales

China Coal Energy, the listed body of China National Coal Group and China’s largest coal chemical firm, sold 33,000 tonnes of polythene in October this year, increasing 10% from September and up 22.2% on year, with sales over January-October soaring 331.9% on year to 298,000 tonnes, showed data from the company’s announcement on November 16.

The output of polythene in the month stood at 29,000 tonnes, falling 3.3% on month but up 26.1% on year, with output between January and October up 306.8% on year to 297,000 tonnes, it said.

The sales of polypropylene in October rose 34.6% on month and up 66.7% on year to 35,000 tonnes, with total sales for the past ten months up 407.4% on year to 274,000 tonnes.

The company produced 28,000 tonnes of polypropylene in October, rising 3.7% from September and up 27.3% from the year prior. Total output between January and October stood at 278,000 tonnes, up 371.2% on year.

Sales of urea in the month reached 130,000, posting the rise of 28.7% on month and up 51.2% from a year ago, with sales over January-October rising 79.6% on year to 1.3 million tonnes.

Methanol sales in October fell 5.45% on month and down 33.3% on year to 52,000 tonnes, with sales during the same period up 28.5% on year to 604,000 tonnes.

In addition, China Shenhua Energy, the listed arm of Shenhua Group, sold 29,500 tonnes of polythene in October, sliding 1% on month but soaring 2581.8% on year, with January-October sales up 23.2% to 2.73 million tonnes, the company said in its announcement released on November 17.

The polypropylene sales of the company in the same month climbed 38.1% on month and up 2075% on year to 348,000 tonnes, with sales during the past ten months up 17.8% to 2.64 million tonnes, it said.

source: http://en.sxcoal.com