Canada March chemical prices rise 0.7% from February driven by oil

03 May 2011 16:40  [Source: ICIS news]

TORONTO (ICIS)--Canadian chemical prices rose by 0.7% in March from February driven by higher oil prices, a government statistics agency said on Tuesday.

Meanwhile, Canada’s overall industrial product price index (IPPI) rose 0.9% from February, also driven by the higher cost of oil, Statistics Canada said.

Compared with March 2010, chemical prices rose 4.3% and the IPPI was up 5.0%.

Read Paul Hodges’ Chemicals and the Economy Blog

By: Stefan Baumgarten
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