January 26, 2012

China's chemical sector gains US$56.58 billion

Based on the figures released by the National Development and Reform Commission, the profit of China's chemical sector rose 35.7% on-year to RMB357.7 billion (US$56.58 billion) from January-November 2011.

The growth rate was 23.1 percentage points lower than that in the same period of 2010.

The fertiliser industry realised RMB36.9 billion in profit in the first 11 months, 73.2% more than that in the same period of 2010.

Last year, the chemical industry's value-added output increased 14.8% on-year, slowing by one percentage point than in 2010.

The output of ethylene rose 7.4% on-year to 15.28 million tonnes in 2011, and that of plastics in primary form grew 9.3% to 47.98 million tonnes.

The country saw its fertiliser output rise 12.1% to 60.27 million tons.