12 June 2000 18:12 [Source: ICIS news]
LONDON (CNI)--Chemicals prices in the UK maintained their upward trend in May, according to figures published on Monday by the National Statistics office.
The output price index for UK sales of chemicals and man-made fibres rose 3.5% in the 12 months to May, compared with 3.0% in the 12 months to April and 2.4% in the year to March.
For total sales of manufactured products, the output price index in the year to May grew 2.3%.
The input price index for chemicals imported into the UK increased 7.3% in the 12 months to May, compared with 6.4% in the 12 month to April and 3.9% in the year to March.
For organic chemicals, the input price index grew 3.2% in the year to May but for inorganic chemicals the index fell 1.5%. The input price index for "plastics in primary forms" surged 22.4% and for dyeing, tanning and colouring materials it rose 4.3%. For medicinal and pharmaceutical products the index declined 2.6%.
Prices of imported materials as a whole rose 12.9% in the year to May, reflecting a sharp rise in crude oil prices.
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