The total value of petrochemical production in China grew 11.6% year-on-year to 1.72 trillion yuan during the initial two months of the current year, the data released by the National Development and Reform Commission (NDRC) said. The country’s leading economic planner said the chemical industry segment contributed 1.12 trillion yuan, posting a rise of 13.6% year-on-year. The output of ethylene increased 2.2% year-on-year to 2.71 million tons, as per fibre2fashion.com.
The value of Chinese petrochemical imports and exports in January 2013 amounted to US$ 33.4 bln, up 15.4% last year. The value of imports grew 24.1% year-on-year to US$19.6 bln, while the value of exports increased five percent year-on-year to US$13.8 bln. The Chinese petrochemical industry attracted 96 billion in investment during the first two months of the current year, showing a 13.6 percent year-on-year rise. In 2012, China’s overall petrochemical output grew by 12.9% year-on-year to 10.86 trillion yuan.