The output value of basic chemical raw materials in the first quarter was the lowest increase in the same period in three years

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Chemicals in the three major areas stabilized. In the first quarter, the output value of basic chemical raw materials, specialty chemicals and synthetic materials gradually stabilized in a sharp fall. From January to March, the output value of basic chemical raw materials was 435.49 billion yuan, a year-on-year increase of 17.2%, which was the lowest increase in the same period of three years, and was 1.2 percentage points lower than that in January-February, in which the increase of inorganic salts was relatively high, reaching 25.9%. The output value of specialty chemicals was 339.95 billion yuan, a year-on-year increase of 15.4%, an increase of more than 30 percentage points from the same period of last year and an acceleration of 1.8 percentage points from January to February. The output value of synthetic materials was 288.37 billion yuan, an increase of 12.7%, and the growth rate was 27.5 percentage points lower than the same period of last year, which was the same as that of January-February.

The agrochemicals and rubber products industry maintained rapid growth. In the chemical industry, the growth rate of agricultural chemicals and rubber products in the first quarter was significantly higher. Among them, the output value of chemical fertilizers increased by 29.2%, an average increase of 11.5 percentage points higher than the chemical production value, accounting for 11.9%; the pesticide industry increased by 22.2%, also significantly higher than the average increase in chemical industry, accounting for 3.4%; the rubber product industry increased 21.4% , accounting for 11.1%.

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