Canada’s February chemical prices rise 1.0% from January

01 April 2011 18:54  [Source: ICIS news]

TORONTO (ICIS)--Canadian prices for chemicals and chemical products rose 1.0% in February from January, a statistics agency said on Friday.

Compared with February 2010, chemical prices were up 3.1%, Statistics Canada said.

Overall, Canada’s industrial product price index rose 0.7% in February from January, and was up 3.4% from February 2010, with both increases led by higher prices for petroleum and coal products, the agency said.

Excluding petroleum and oil products, the index was up 0.5% from January and 1.8% year on year from February 2010.

However, prices for motor vehicles and other transportation equipment fell slightly in February from January, mainly because the appreciation of the Canadian dollar vis-à-vis the US dollar, the agency said.

The index has been on an upward trend since mid-2010.

February’s sequential increase follows increases of 0.4% in January from December and 0.8% in December from November.

In related news, Canadian chemical railcar shipments have risen 10.2% to 139,646 year to date to 26 March.

Read Paul Hodges’ Chemicals and the Economy blog

By: Stefan Baumgarten
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