Canada June chemical prices rise 0.6% from May

02 August 2011 15:25  [Source: ICIS news]

TORONTO (ICIS)--Canadian chemicals and chemical product prices rose 0.6% in June from May, a government statistics agency said on Tuesday.

Compared with June 2010, chemicals and chemical product prices increased 10.1% year on year, Statistics Canada said in a data release.

Prices for plastics and rubber products also rose by 0.6% in June from May, and were up 1.4% year on year from June 2010.

Overall, Canada’s industrial product prices fell 0.3% in June from May, mainly because of lower oil and coal prices. Compared with June 2010, overall industrial product prices were up 5.2% year on year.

Meanwhile, Canadian chemical railcar shipments are up 12.1% to 330,246 in the year to date up to 23 July, according to the latest data from the Association of American Railroads.

Read Paul Hodges’ Chemicals and the Economy Blog

By: Stefan Baumgarten
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