According to data released by the National Development and Reform Commission on February 26, the added value of the chemical industry in 2020 increased by 3.4% year on year, and the growth rate will drop by 1.4 percentage points.

Among the major products, ethylene output was 21.6 million tons, up 4.9% year on year. The output of primary plastics was 103.55 million tons, up 7%; the output of synthetic rubber was 7.4 million tons, up 0.5%; the output of synthetic fiber was 56.34 million tons, up 3.8%. Caustic soda output reached 36.43 million tons, up 5.7%; the output of soda ash was 28.12 million tons, down 2.9%. Fertilizer output was 53.96 million tons, down 0.9%. Among them, nitrogen fertilizer increased by 2.7%, phosphorus fertilizer decreased by 6.9% and potassium fertilizer decreased by 7%. Pesticide production reached 2.15 million tons, down 1.1%. The output of rubber tires was 818.48 million, up 1.7%. The output of calcium carbide was 27.92 million tons, up by 4.5%.

Among the key monitored chemical products, the prices of some products were higher than last month. In December 2020, the average price of caustic soda was 1930 yuan/ton, down 3.5% compared with the previous month and 30.3% compared with the same period last year. Soda soda (heavy ash) was 1680 yuan/ton, down 15.2% than last month, down 1.8% year on year. Urea was 1830 yuan/ton, up 1.7% compared with last month and 8.9% compared with last year. Domestic diammonium phosphate was 2420 yuan/ton, 2.1% higher than last month, 7.6% higher than last year. Calcium carbide was 3960 yuan/ton, up 23% compared with last month, up 47.8% year on year.