27 June 2013 19:19 [Source: ICIS news]
(updates with Canadian and Mexican rail shipment data)
HOUSTON (ICIS)--Chemical shipments on Canadian railroads fell by 12.3% year on year to 10,031 loadings in the week that ended on 22 June, according to data released by a rail industry association on Thursday.
In the previous week, ended 15 June, Canada's chemical railcar loadings rose by 1.7%. From 1 January to 22 June, shipments are up 8.7% to 291,870, the Association of American Railroads (AAR) said.
The weekly chemical railcar loadings data is seen as an important real-time measure of chemical industry activity and demand. Canadian chemical producers rely on rail to ship more than 70% of their products, with many companies relying exclusively on rail shipments.
The AAR said that weekly chemical railcar loadings in Mexico rose by 26.0% year on year to 1,481. From 1 January to 22 June, they are up 16.3% to 35,228.
US chemical railcar traffic fell by 0.2% year on year to 29,108 loadings in the week that ended on 22 June.
In the previous week, ended 15 June, US chemical car loadings fell by 0.7% year on year, marking their first decline after five consecutive increases. From 1 January to 22 June, US chemical railcar traffic was down 0.4% to 747,588 loadings.
Meanwhile, overall US weekly railcar loadings for the week that ended on 22 June, in the freight commodity groups tracked by the AAR, was flat at 288,224 carloads. Overall weekly Canadian loadings rose by 1.5% to 76,625 while overall Mexican loadings rose by 6.8% to 16,369.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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