20 January 2012 21:45 [Source: ICIS news]
HOUSTON (ICIS)--US December chemical production, excluding pharmaceuticals, rose 1.1% month on month, the American Chemistry Council (ACC) said on Friday.
The increase brought chemical production to 89.1% of its average 2007 level. It came after a 1% drop in November 2011, the ACC said in its weekly economic report.
The ACC said, “during December, production of basic chemicals rose 1.9%, with gains in plastic resins [up 2.1%], bulk petrochemicals and organic intermediates [up 2.4%], stability in man-made fibres and inorganic chemicals and a small decline in synthetic rubber [down 0.1%].
“Production of specialty chemicals fell 0.2% during December, with declines in coatings and other specialty segments,” the group said.
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