In May, the added value of the chemical industry increased by 14% year-on-year, and the growth rate dropped by 2% year-on-year. Among the major chemical products, the output of caustic soda increased by 19%, and the output of soda ash increased by 8.7%; the output of chemical fertilizer increased by 15.2%, of which nitrogen fertilizer, phosphate fertilizer, and potassium fertilizer output increased by 7.7%, 38.9%, and 26.5%, respectively; pesticide production increased by 25.2%; rubber tire casings Production fell 2.5%. The production of calcium carbide increased by 13.8%.
Most of the chemical products monitored have increased in price from the previous month. In May, the average price of caustic soda was 2,980 yuan/ton, which was RMB 220/ton higher than the previous month, up 25.2% year-on-year. Soda ash was RMB 1,980/ton, up 390 yuan/ton from the previous month and up 26.1% year-on-year. Urea was 1,960 yuan/ton, down 50 yuan/ton from the previous month, up 21% year-on-year; domestic diammonium phosphate 3410 yuan/ton, up by 110 yuan/ton from the previous month, up 21.4% year-on-year; imported potassium chloride 3,050 yuan/ Ton, up 70 yuan/ton from the previous month, up 9.7% year-on-year. The price of calcium carbide was 4,260 yuan/ton, up 540 yuan/ton from the previous month, up 29.9% year-on-year.
From January to May, the added value of the chemical industry increased by 15% year-on-year, and the growth rate decreased by 5.2% year-on-year. Among the main products, the output of caustic soda was 10.06 million tons, an increase of 17.7%. Sodium carbonate production was 9.18 million tons, an increase of 4.4%. Fertilizer output was 24.82 million tons, an increase of 7.1%; among which nitrogen fertilizer, phosphate fertilizer, and potassium fertilizer output increased by 1.7%, 23.3%, and 25.8%, respectively. The output of pesticides was 1.142 million tons, an increase of 18.8%. The output of rubber tire casings was 311.38 million, an increase of 3.6%. The output of calcium carbide was 6.88 million tons, an increase of 9%.
In the first four months, the chemical industry realized profits of 121 billion yuan, a year-on-year increase of 57.5%. Among them, the profit of the fertilizer manufacturing industry was 10.9 billion yuan, an increase of 61.4%.
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