THE recovery in China's petrochemical industry slowed last month due to weak demand as per China Petroleum and Chemical Industry Association (CPCIA)'s monthly report. The oil and gas exploration and oil refining sectors have seen solid recovery in July, but the rebound in the chemical industry has slowed down. In July, the total revenue of the petrochemical industry stood at 571.4 bin yuan, down 3.7% from June - the first month-on-month drop in the industry this year.
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