20 March 2012 11:05 [Source: ICIS news]
LONDON (ICIS)--EU chemical industry margins held steady in January while in the ?xml:namespace>
The analysts added that producer price increases in both regions were less than cost inflation until the onset of the macroeconomic crisis when prices started to rise.
“The cost decline during the crisis enabled them to catch up. Following the crisis,
Bernstein said stronger cost inflation in the
“Since then, margins have expanded again as pricing has continued to climb while costs have started to recede,” it added.
In February, US paints and coatings saw a 4% month-on-month price increase and a 9% year-on-year rise.
In the EU, paints and coatings saw prices increase in January by 1% month on month and by 6% year on year.
Bernstein said European Industrial gases prices improved in January, up 1.7% month on month and 3.7% year on year.
However, prices in the
Crop protection chemicals saw a strong price rise in the
Bernstein added that in the US petrochemicals prices increased strongly by 10% month on month in February, following two months of declining pricing.
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