Nov. 27, 2012 (China Knowledge) - The chemical industry in China saw its profit decrease 15.8% YoY to RMB 240.2 billion in the first nine months of this year, according to figures released by the National Development and Reform Commission
The fertilizer industry realized RMB 32.2 billion in profit in the first nine months, 7.7% more than that in the same period of 2011.
In the first ten months, the value-added output of China's chemical industry rose 12% YoY, but the growth was 2.5 percentage points lower than that in the corresponding period of last year.
During the period from January to October, the output of ethylene decreased 2.4% YoY to 12.33 million metric tons, while those of plastics in primary form grew 6.3% to 42.83 million metric tons.
The country’s synthetic rubber output increased 6.9% to 3.12 million metric tons during the period and its synthetic fiber grew 9.6% to 28.51 million metric tons.
In the first ten months of this year, China produced a total of 21.72 million metric tons of caustic soda, reflecting a YoY increase of 4%, while the output of soda ash, chemical fertilizer, pesticides and calcium carbide reached 20.04 million metric tons, 62.95 million metric tons, 2.87 million metric tons and 15.89 million metric tons, up 4.8%, 12.8% 19.3% and 6.8% from a year earlier, respectively.