Dalian Petrochemical Industry Sees Dramatic Growth

The Dalian petrochemical industry grew dramatically as a result of fluctuations in market prices last year. It realized a total income of 193.66 billion yuan ($31.16 billion), up 12.1 percent year-on-year from January to November 2012.

Taxes and profits for the petrochemical industry in Dalian amounted to 16.65 billion yuan, down 3.7 percent. As a result, the industry losses 7.37 billion yuan, with losses increasing by 242.4 percent year-on-year.