26 March 2013 05:51 [Source: ICIS news]
SINGAPORE (ICIS)--The added value of China’s chemical industry showed a year-on-year increase of 12.5% during the first two months of this year, according to data from the National Development and Reform Commission (NDRC) on Tuesday.
China’s ethylene output was 2.71m tonnes in January-February, up by 2.3% year on year, while synthetic rubber output was 647,000 tonnes, up by 7.5% over the same period, the data showed.
Meanwhile, synthetic fiber output was 5.25m tonnes, up by 1.5% year on year, and caustic soda output was 4.3m tonnes, up by 7.9% over the same period.
The prices of main chemical products fell in February. The average price of caustic soda was yuan (CNY) 2,800/tonne ($451/tonne), down by 11.9% year on year. Soda ash price declined by 19.5% year on year to CNY 1,400/tonne in February, while urea prices dropped by 4.8% year on year to CNY2,190/tonne in February according to NDRC data.
($1 = CNY6.21)
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