US chemical shipments rise 2% in September, petchems down 2%

04 November 2013 17:34  [Source: ICIS news]

HOUSTON (ICIS)--The value of US-made chemical shipments increased by more than 2% in September, while petrochemical shipments declined by about the same percentage, according to data released on Monday by the US Department of Commerce.

The value of US land and water chemical shipments totalled $63.6bn (€47.1bn) in September, compared to $62.2bn a year earlier.

It was the fifth straight month of positive year-on-year returns in terms of shipment value. Chemical shipments declined slightly year on year in March and April over the same months in 2012.

Petrochemicals, the largest chemical sector tracked by the agency, fell by more than 2% in September. Shipment values totaled $42.0bn, compared to $43.0bn in the same month a year ago.

The value of total shipments for all US manufacturing industries in September moved its string of year-on-year gains to 46 straight months, a streak that began in December 2009.

Total manufacturing shipments rose by almost 2% to $488.9bn, compared with $481.3bn in the same month a year earlier.

Besides petrochemicals, the only other chemical sector that declined in September, pesticides and fertilizers, fell by more than 18%. Shipment values totaled $2.7bn, compared with $3.3bn in September a year earlier.

Pharmaceuticals showed the biggest gain, up almost 18%, with the shipment values totalling $15.9bn in September compared with $13.5bn in the same month of 2012.

Paints, coatings and adhesives put up the 24th straight month of year-on-year gains with a more than 7% increase in shipment values, totalling $3.0bn in July, compared with $2.8bn in the same month a year earlier.

($1 = €0.74)

By: Lane Kelley
+1 713 525 2653

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