Jun. 25, 2012 (China Knowledge) - The chemical industry in China saw its profit fall 21% YoY to RMB 96.1 billion in the first four months of this year, according to figures released by the National Development and Reform Commission
The fertilizer industry realized RMB 11.4 billion in profit in the first four months, 9.4% more than that in the same period of 2011.
From January to May, the chemical industry's value-added output increased 12.4% YoY, slowing by 2.6 percentage point than in the first five months of last year. In the month of May, the value-added output growth further slowed to 10.8%.
The output of ethylene fell 3.4% YoY to 6.4 million metric tons in the first five months of this year, and that of plastics in primary form grew 6.9% to 21.81 million metric tons.
The country saw its synthetic rubber output increase 5% to 1.5 million metric tons during the period and its fertilizer output rise 11.2% to 30.17 million metric tons.