Canada July chemical prices fall 0.6% from June

29 August 2013 15:42  [Source: ICIS news]

TORONTO (ICIS)--Canadian prices for chemicals and chemical products fell 0.6% in July from June, a statistics agency said on Thursday.

The decline was largely the result of lower prices for organic chemicals, Statistics Canada said.

Compared with July 2012, prices for chemicals and chemical products were up 1.0% year on year.

Meanwhile, prices for rubber, leather and plastics fabricated products were up 0.2% in July from June, and they were up 1.0% year on year from July 2012, the agency said.

Overall, Canada’s industrial product prices rose 0.3% in July from June, mainly because of higher prices for petroleum and coal products, as well as motor vehicles and other transport equipment.

Statistics Canada added that part of July’s increase was due to recent weakness in the Canadian dollar against the US dollar. Without the exchange rate effect, Canadian industrial product prices would have risen only 0.1% in July from June.

Compared with July 2012, Canada’s industrial product prices were up 1.4% year on year.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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