Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

EU chemical production remains stagnant on the year: Cefic

by ChemOrbis Editorial Team -
  • 09/07/2015 (15:34)
According to data from the European Chemical Industry Council, Cefic, chemicals production in the EU posted a slight increase of 0.3% in the January-April period compared with the same period of 2014. Meanwhile, the data showed that chemical output increased 0.7% year over year in April while chemical prices declined 4.9% on the month.

The region’s petrochemical output, meanwhile, decreased 4.8% in April compared with the same month of the previous year. Output for specialty chemicals increased 4%. Production for basic inorganics and consumer chemicals grew by 1.4% from a year earlier while polymers output increased 0.7% on a yearly basis.

According to the data, the EU’s net trade surplus declined to €9.9 billion ($10.9 billion) in the first quarter, down by €1.3 billion ($1.43 billion) compared to the same period of 2014. The region’s trade surplus with Asia– excluding Japan and China – remained unchanged while the EU’s net chemicals trade surplus with China contracted to €671 million ($740.3 million) in January-March period.

Cefic also reported that an EU chemical industry confidence indicator (CCI) increased in May compared to the previous month due to better production expectation in the following months.
Free Trial
Member Login