Jan. 25, 2012 (China Knowledge) - The chemical industry in China saw its profit surge 35.7% year on year to RMB 357.7 billion in the first 11 months of last year, according to figures released by the National Development and Reform Commission
The growth rate was 23.1 percentage points lower than that in the same period of 2010.
The fertilizer industry realized RMB 36.9 billion in profit in the first 11 months, 73.2% more than that in the same period of 2010.
Last year, the chemical industry's value-added output increased 14.8% year on year, slowing by 1 percentage point than in 2010.
The output of ethylene rose 7.4% year on year to 15.28 million metric tons in 2011, and that of plastics in primary form grew 9.3% to 47.98 million metric tons.
The country saw its synthetic rubber output increase 13.1% to 3.49 million metric tons during the period and its fertilizer output rise 12.1% to 60.27 million metric tons.