Singapore chemicals output rises by 30.6% in June

Author: Nurluqman Suratman

2021/07/26

SINGAPORE (ICIS)--Singapore's chemicals cluster output rose by 30.6% year on year in June, supported by the surge in the specialties and petroleum segments, official data showed on Monday.

All segments in the chemicals cluster recorded output growth in June, the Economic Development Board (EDB) said in a statement.

The specialties and petroleum segments expanded by 53.6% and 32.3% respectively from a year ago, when production was low due to plant maintenance shutdowns and weaker export demand amid the COVID-19 outbreak.

In January-June this year, the chemicals cluster grew by 13.3% compared to the same period a year ago.

Singapore’s manufacturing output expanded 27.5% in June 2021 on a year-on-year basis

On a seasonally adjusted month-on-month basis, manufacturing output decreased 3.0%.

Thumbnail photo: A view of cranes at a container port in Singapore (Photo by HOW HWEE YOUNG/EPA-EFE/Shutterstock)