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China's Sinopec (SNP) says Q3 profit fell 9.4% as declining output at its chemicals business...
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Monday, October 29, 2012, 11:25 AM ETChina's Sinopec (SNP) says Q3 profit fell 9.4% as declining output at its chemicals business outweighed fuel price hikes. The results came even after the Chinese government loosened its grip on fuel prices and allowed them to rise; the controls are aimed at moderating inflation but force refiners to absorb losses.
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