US Nov petrochemicals output rises over 10% year on year - council

17 December 2010 19:32  [Source: ICIS news]

HOUSTON (ICIS)--US production of petrochemicals and organic chemicals rose more than 10% in November, the American Chemistry Council (ACC) said on Friday, tracking a greater-than-expected monthly gain in US industrial production.

November production of petrochemicals and organic chemicals rose 10.8% year on year, closely followed by a 10.6% increase for synthetic rubber.

Coatings production was higher by 4.2% year on year, while output for agricultural chemicals and specialty chemicals rose by 4.1% and 2.2%, respectively.

Plastic resin production in November rose by 0.8% year on year.

Total chemical production - excluding pharmaceuticals - rose by 5.6% in November. That far outpaced the broader industrial production index, which increased by a greater-than-expected 0.4% in November after a decline of 0.2% in October.

“That industrial production accelerated again after a mild contraction in October and weak expansions on the previous two months is positive,” the ACC said in its weekly economic report.

The 5.6% increase in total chemical output, excluding pharmaceuticals, was up from a 5.4% year on year improvement in October and September each.

“The evidence coming in with these latest reports suggests that the soft patch is over,” said ACC chief economist Kevin Swift.

To discuss issues facing the chemical industry go to ICIS connect


By: Ben DuBose
+1 713 525 2653



AddThis Social Bookmark Button

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.

Printer Friendly