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China's chemical industry's profit down 18.1% in Jan-Aug

Oct. 25, 2012 (China Knowledge) - The chemical industry in China saw its profit decrease 18.1% YoY to RMB 207.4 billion in the first eight months of this year, according to figures released by the National Development and Reform Commission.

The fertilizer industry realized RMB 28.4 billion in profit in the first eight months, 6.7% more than that in the same period of 2011.

In the first nine months, the value-added output of China's chemical industry rose 11.7% YoY, but the growth was 3.5 percentage points lower than that in the corresponding period of last year.

During the period from January to September, the output of ethylene dropped 2.9% YoY to 11.06 million metric tons, while those of plastics in primary form grew 6.6% to 38.49 million metric tons.

The country’s synthetic rubber output increased 6.5% to 2.79 million metric tons during the period and its synthetic fiber grew 9.7% to 25.57 million metric tons.

In the first nine months of this year, China produced a total of 19.6 million metric tons of caustic soda, reflecting a YoY increase of 4.1%, while the output of soda ash, chemical fertilizer, pesticides and calcium carbide reached 17.98 million metric tons, 57.32 million metric tons, 2.56 million metric tons and 14.29 million metric tons, up 4.1%, 13.7% 19.5% and 5.9% from a year earlier, respectively.

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