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China's synthetic material industry sees 8.7% growth in gross output in Oct

Nov. 30, 2012 (China Knowledge) - China saw its gross industrial output from synthetic material industry grow 8.7% YoY to RMB 111.7 billion in October this year, according to figures released by the National Development and Reform Commission.

Last month, the country produced 1.27 million metric tons of ethylene, reflecting a YoY increase of 2.5%.

Meanwhile its output of synthetic material rose 4.6% YoY to 7.8 million metric tons, including 4.32 million metric tons of synthetic resin, 1.92 million metric tons of synthetic fiber and 335,000 metric tons of synthetic rubber, up 3.3%, 8.4% and 15.6% YoY, respectively.

In the first ten months of this year, China's synthetic material industry generated RMB 1.06 trillion in gross industrial output, 10.6% more than in the same period of last year, while China's fixed assets investment in synthetic material industry surged 55.8% YoY to RMB 126 billion.

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