China's Value-added Chemical Industry Product Output Increases 9% in October

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Researched by Industrial Info Resources China (Beijing, China)--China's Chemical Industry value-added product output in October rose 9% from the same month in 2014, the National Development and Reform Commission announced on November 20, 2015.

Ethylene output in October was up 4.7% from a year earlier; that of primary plastic and synthetic fiber was up 14.8% and 19.3%, respectively; synthetic rubber output dropped 4.8%; caustic soda was up 1%; and soda ash rose 1.9%.

Fertilizer output in October rose 2.9%, which included a 2.5% increase in nitrogen, a 3.8% increase in phosphate and a 12.5% jump in potash. Output of pesticides and rubber tires dropped 0.3% and 7.5%, respectively; and output of calcium carbide fell down 3%.

For the first 10 months of 2015, value-added product output by the Chemical Industry rose 9.5% over the same period in 2014. Ethylene output for January through October reached 14.46 million metric tonnes, an increase of 2.5%; primary plastic reached 63.40 million metric tonnes, an increase of 10.2%; synthetic rubber reached 4.27 million metric tonnes, a drop of 1.6%; and synthetic fiber reached 36.48 million metric tonnes. Caustic soda production in the first 10 months of this year amounted to 25.24 million metric tonnes, a drop of 1.5%; and soda ash production rose 2.8% to 21.50 million metric tonnes.

Fertilizer production for January through October increased 6.8% to 62.86 million metric tonnes. This included a 5.4% increase in nitrogen production, a 12.6% increase in phosphate and a 5.9% hike in potash.

Production of pesticides reached 3.04 million metric tonnes in the first 10 months of this year, an increase of 2.9%. However, the output of rubber tires dropped 2.5% to 771.25 million units. Output of calcium carbide reached 20.59 million metric tonnes, an increase of 2.7%.

Prices of most chemical products dropped in October from the previous month. The average price of caustic soda was $379.03 per metric tonne, down 4.4% from September, but up 7.8% from October 2014. Soda ash sold at $216.13 per metric tonne in October, a drop of 2.9% from September, and 16.3% from October 2014. Urea was priced at $248.39 per metric ton in October, down 3.1% from September, and 3.8% from October 2014.

Phosphate diamine sold at $459.68 per metric ton in October, down 0.3% from September, and 1% from October 2014. Calcium carbide was $341.94 per metric ton, down 8.6% from September, and 17.8% from October 2014.

From January to through October this year, China's investment in the manufacture of chemical raw material and chemical products reached $201.37 billion, up 4.8% from the same period last year.

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