In March, despite the influence of the Japan earthquake and the situation in Libya, the pace of the steady recovery of the international economy was stable. At the same time, driven by the steady and relatively rapid growth of the domestic economy, the petroleum and chemical industries generally performed well. The production of the industry maintained a steady growth, the market supply and demand were basically balanced, and the price was steadily rising due to the influence of crude oil.

According to preliminary statistics from the Petrochemical Association, in March, the prices of bulk chemical products in China rose more or less, but the gains declined. It is estimated that in the first quarter, the cumulative domestic ethylene production will be about 3.65 million tons, an increase of about 30% year-on-year; the cumulative production of soda ash and caustic soda in the first quarter will be 5 million tons and 5.4 million tons respectively; the cumulative production of calcium carbide in the first quarter will be 3.5 million tons, a year-on-year decrease of 4%. Synthetic resin in the first quarter accumulated production of 11.5 million tons, an increase of 19%; synthetic rubber production in the first quarter of 1.2 million tons, an increase of 21%.

In March, domestic fertilizer production remained relatively stable. Nitrogen and phosphate fertilizer production remained at the level of the end of last year. Among them, the average daily production of urea was 145,000 tons. The cumulative output in the first quarter was estimated to be around 13 million tons, a year-on-year decrease of 5%, and the operating rate was 80%. The average daily output of diammonium diammonium is 31,000 tons, and the cumulative output in the first quarter was about 2.75 million tons, an increase of 12% over the same period of last year, and basically full capacity started. The overall balance of production and sales of enterprises, in which the average market price of urea in March 1950 yuan, down 90 yuan from the previous month, the average price of diammonium market 3,350 yuan, up 150 yuan.

The production of pesticides remained stable. The cumulative output in the first quarter was about 590,000 tons, a year-on-year increase of 15%.

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