|China's chemical industry's value added output up 9.1% in Q1
The value-added output of China's chemical industry went up 9.1% year on year in the first three months of this year, according to figures released by the National Development and Reform Commission.
The growth rate for the period was 2.9% lower than it realized in the same period of 2014.
During the period from Jan to Mar 2015, the output of ethylene grew 4.5% year on year to 4.41 million tons, while those of plastics in primary form rose 11.4% to 17.81 million tons.
Meanwhile, the country’s synthetic rubber output declined 7.3% to 1.23 million tons during the period, and its synthetic fiber output gained 13.8% to 9.91 million tons.
In the first three months of this year, China produced a total of 7.56 million tons of caustic soda, edged down 1.2% year on year, while the output of calcium carbide reached 5.88 million tons, up 5.2% from a year earlier.
The industry's profit for the quarter came in to RMB 86.28 billion, 3.9% higher than it achieved in the corresponding period of last year.