News Column

China H1 Chemical Profits up 9.2%

August 25, 2014



SHANGHAI, August 25, SinoCast -- Chemical indutry's value added was up 11.4% year on year in July, and the growth rate fell 0.4 percentage points year on year. The industry profited CNY 187.1 billion in the first half, up 9.2% year on year. Chemical fertilizer manufacturing profits were CNY 11.7 billion, down 28.5%, according to data by the National Development and Reform Commission.

Chemical fertilizer output was down 3.4%. Of the total, nitrogenous fertilizer output and phosphate fertilizer output were down 6.3% and 3.4%, and potash fertilizer output rose 21.1%. Pesticide output was down 1.9%; rubber tire output was up 4.1%.

The value added was up 11.2% in the first seven months, and the growth rate was 0.6 percentage points lower than a year ago. Chemical fertilizer output was 39.93 million tons, down 2.8%. Of the total, nitrogenous fertilizer output and phosphate fertilizer output were down 3.5% and 4.1%, and potash fertilizer output rose 6.6%. Pesticide output was 2.13 million tons, keeping flat; rubber tire output was 642.29 million units, up 8.4%.




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Source: Sinocast Metals, Mining & Chemicals Beat (China)


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