31 October 2013 20:56 [Source: ICIS news]
HOUSTON (ICIS)--Global chemical production was flat in September, the American Chemistry Council (ACC) said on Thursday, with lower output from North America and central and eastern Europe offsetting growth in other regions.
The ACC’s Global Chemical Production Regional Index (CPRI) was essentially unchanged, while the three-month-moving average (3MMA) was up 3% year over year and 118% of its average 2007 levels.
September capacity utilisation in the global chemistry industry declined 0.1 percentage point to 87.5%. In September 2012, the global capacity utilisation was at 86.6%.
The ACC said all segments of the global chemistry industry have improved through the trough of the recession.
Production of man-made fibres increased by 5.8% on a 3MMA basis.
Synthetic rubber, plastic resins, coatings and other specialty chemicals production all increased by above 4%, while consumer products, petrochemicals and organic chemicals and pharmaceuticals production all rose by above 3%.
Production of agricultural chemicals rose by 2.7% on a 3MMA basis, and inorganics had a slight increase of 0.5%.
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