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China's chemical industry's profit down 18.8% in Jan-Jul

Sep. 21, 2012 (China Knowledge) - The chemical industry in China saw its profit decreased 18.8% YoY to RMB 179.9 billion in the first seven months of this year, according to figures released by the National Development and Reform Commission.

The fertilizer industry realized RMB 24.4 billion in profit in the first seven months, 9.5% more than that in the same period of 2011.

In the first eight months, from Jan to Aug this year, the value-added output of China's chemical industry rose 10.6% YoY, but the growth was 4 percentage points lower than that in the corresponding period of last year. During this period, the output of ethylene dropped 3.6% YoY to 9.95 million metric tons, while those of plastics in primary form grew 7.1% to 34.11 million metric tons.

The country’s synthetic rubber output increased 4.7% to 2.46 million metric tons and its synthetic fiber grew 9.6% to 22.51 million metric tons.

In the first eight months of this year, China produced a total of 17.34 million metric tons of caustic soda, reflecting a YoY increase of 3.3%, while the output of soda ash, chemical fertilizer, pesticides and calcium carbide reached 16.02 million metric tons, 50.65 million metric tons, 2.29 million metric tons and 12.63 million metric tons, up 5.6%, 13.8% 24% and 5.6% from a year earlier, respectively.

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