19 November 2010 14:39 [Source: ICIS news]
Compared with October 2009, chemical producer prices rose 4.8%, said Wiesbaden-based Statistisches Bundesamt.
Among the major chemical product groups tracked by the agency, polystyrene prices recorded the highest price increase - rising 1.2% sequentially from September and 15.6% year on year from October 2009.
Fertilizer prices rose 3.1% sequentially from September, and were up 3.3% from October 2009, the agency said.
Overall, German producers prices rose 0.4% sequentially from September.
Year on year, German producer prices rose 4.3% from October 2009, the highest year-on-year increase in two years.
The major driver in the overall increase in October's producer prices was an increase in prices for energy, which rose 0.7% from September and 7.2% from October 2009, the agency said.
Excluding energy, Germany's overall producer prices rose 0.2% from September and 3.1% from October 2009.
Economists have forecast
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|
Asian Chemical Connections