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China's chemical industry reaps RMB 68.39 bln profit in Q1

May. 24, 2012 (China Knowledge) - The chemical industry in China saw its profit fall 20.5% YoY to RMB 68.39 billion in the first four months of last year, according to figures released by the National Development and Reform Commission.
The fertilizer industry realized RMB 7.65 billion in profit in the first three months, 2.5% more than that in the same period of 2011.

From January to April, the chemical industry's value-added output increased 12.8% YoY, slowing by 2.2 percentage point than in the first four months of last year.

The output of ethylene fell 2.3% YoY to 5.13 million metric tons in the first four months of this year, and that of plastics in primary form grew 7.7% to 16.67 million metric tons.

The country saw its synthetic rubber output increase 6% to 1.21 million metric tons during the period and its fertilizer output rise 15.3% to 23.46 million metric tons.

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