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.
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
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|