EU chemicals output in March down 2.8% year on year

31 May 2013 11:33  [Source: ICIS news]

LONDON (ICIS)--EU chemicals output in March fell by 2.8% year on year, mainly because of a 6.1% year-on-year decline in basic inorganics production, trade group Cefic said in its Chemicals Trends Report on Friday.

Lower overall monthly production was also affected by a lower output for petrochemicals – down by 3.4% – while polymers and consumer chemicals production decreased by 1.6% and 1.0% respectively, year-on-year.

In the first quarter of 2013 EU chemicals production contracted by 2.1%, compared with the same period in 2012, Cefic added.

The trade group’s Chemicals Trends Report also showed that EU chemicals prices rose in March by 0.5%, compared with the year-prior figure – lifted by a 1.6% increase in prices for consumer chemicals.

Pharmaceuticals prices in March, however, were down by 0.1% year on year.

In the first three months of year EU chemical producers’ prices recorded a 1.4% increase, compared with the same period last year.

The latest trade data also showed that EU chemicals sales in February 2013 were 2.8% lower compared with the same month last year.

By: Franco Capaldo
+44 (0)20 8652 3214

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