20 May 2011 12:02 [Source: ICIS news]
GUANGZHOU (ICIS)--The value of China’s petrochemical output in the first quarter of this year increased by 34% year on year to yuan to (CNY) 2,951.5bn ($453.4bn), the country’s economic planning body said on Friday.
The commission said that prices of major petrochemicals have been rising since the beginning of the year.
Average prices of toluene and paraxylene (PX) increased 8.6% and 3.1%, respectively, from March to April.
The price of polyethylene (PE) in April was flat compared with March, the NDRC said.
Profits from oil refining in
($1 = CNY6.51)
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