Global chem production regional index rises 0.3% in April – ACC

23 May 2014 16:33 Source:ICIS News

HOUSTON (ICIS)--The global chemical production regional index (CPRI) rose 0.3% in April month on month and 4.8% year on year, the American Chemistry Council (ACC) said on Friday.

The CPRI, measured on a three-month moving average (3MMA), increased in all regions except Latin America month on month and increased in all regions over last year, the ACC said.

The highest regional gain year-on-year in the April CPRI was in Africa and the Middle East at 8.3%, followed by Asia-Pacific at 8.1%, western Europe at 3.5%, central and eastern Europe at 2.1%, North America at 1.3% and Latin America at 0.2%.

Increases were shown in all chemical production segments year-on-year, led by man-made fibres at a 7.3% increase and plastic resins at a 6.7% increase. Production of specialty chemicals, coatings and other specialties all increased more than 5%.

Chemical industry capacity utilisation in April was at 84%, a 4.1% increase over last year's capacity of 83.4%.

The global CPRI was at 114.6% of its average 2007 levels in April, compared to 114.0% in March.

The ACC’s Global CPRI measures the production volume of the business of chemistry for 33 key nations, sub-regions and regions. The index features a similar base year where 2007 equals 100.

By Jessie Waldheim