26 May 2009 12:53 [Source: ICIS news]
SINGAPORE (ICIS news)--Singapore recorded a 21.6% year-on-year drop in its April chemical manufacturing output due to a series of unplanned shutdowns, the Economic Development Board (EDB) said on Tuesday.
Manufacturing output for petrochemicals fell 19.2%, while specialties and petroleum were down 21.1% and 23.0% respectively. EDB, a state-linked planning agency, did not provide an absolute volume of molecules that were produced for the period.
The figures come in the wake of a number of recent shutdowns.
In the last week of April, ExxonMobil Singapore reported a "temporary disruption" at one of its aromatics production lines. Industry sources told ICIS news earlier that the petrochemical giant had delayed the restart of a reformer that was taken offline in March.
Petrochemical Corporation of Singapore (PCS) shut its 475,000 tonne/year No 1 cracker on 16 April due to a power failure. The unplanned outage then triggered a series of shutdowns at the downstream polyethylene (PE) and polypropylene (PP) units of various companies, such as The Polyolefin Company (TPC) and Chevron Philips.
On a cumulative basis, the chemicals sector posted a 22.5% decline in manufacturing output for the four months to 30 April.
Similarly, the Singapore electronics cluster, an important downstream industry for the chemicals sector, fell 24.2% year on year. However, the dip was significantly less than the 34.4% and 38.4% fall recorded in March and February respectively.Overall manufacturing output for April contracted marginally by 0.5%, as a significant surge of production activities in the country’s biomedical manufacturing industry made up for the declines in other business sectors.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|