04 September 2013 15:58 [Source: ICIS news]
Compared with the 2012 second quarter, chemical production was up 2.6% year on year while prices fell by 0.9%, VCI said.
The Frankfurt-based group maintained its previous forecast of a 1.5% year-on-year increase in
VCI president Karl-Ludwig Kley said that the industry was seeing a number of indications of stronger business in the second half of 2013, driven by robust domestic demand, as well as improved export demand.
“For the first time in two years the eurozone recorded economic growth again,” Kley added.
But he also noted that the chemical industry continues to be exposed to uncertainty from developments in eurozone government debt levels. Another factor contributing to uncertainty is the geopolitical situation in the
($1 = €0.76)
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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