The added value of the chemical industry increased by 5% year-on-year in the first quarter

Data recently released by the National Development and Reform Commission show that in the first quarter, the added value of the chemical industry increased by 5% year-on-year, and the growth rate increased by 2.1 percentage points year-on-year. Among the main products, ethylene production was 5.06 million tons, a year-on-year increase of 8.4%. The output of primary forms of plastics was 22.14 million tons, an increase of 6.5%; the output of synthetic rubber was 1.35 million tons, an increase of 1.1%; the output of synthetic fibers was 11.39 million tons, an increase of 14.8%. The output of caustic soda was 9.1 million tons, an increase of 3.5%; the output of soda ash was 6.4 million tons, a decrease of 0.1%. The output of chemical fertilizers was 13.31 million tons, an increase of 2.4%; among which, nitrogen fertilizer and potassium fertilizer increased by 2.2% and 20.9% respectively, and phosphate fertilizer decreased by 3.3%. Pesticide output was 490,000 tons, down 3.7%. The output of rubber tire casings was 187 million, a decrease of 4.3%. Calcium carbide output was 6.69 million tons, an increase of 3.4%.

Among the key chemical products monitored, the prices of fertilizers and other products increased compared with the previous month. In March, the average price of caustic soda (caustic soda) was 3,520 yuan/ton, down 3.6% from the previous month and down 27.9% year-on-year. Soda ash is 1,950 yuan/ton, down 1% from last month and up 6% year-on-year. Urea was 1,990 yuan/ton, up 6.4% from last month and 4.2% year-on-year; domestic diammonium phosphate was 2,710 yuan/ton, up 0.7% from last month and 0.4% year-on-year. Calcium carbide was 2,890 yuan/ton, up 6.6% from the previous month and 3.6% year-on-year.

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