07042020Sat
Last updateFri, 03 Jul 2020 5pm

End-User News

Retreat in Global Chemicals Output Accelerates

Data collected and tabulated by the American Chemistry Council show that global chemicals production fell by 0.5% in September following a 0.3% decline in August. During September, chemical production increased in North America, Latin America, and Africa and the Middle East. Production fell in other regions. Headline global production was up only 1.3% year-over-year (Y/Y) on a three-month moving average basis and stood at 117.5% of its average 2012 levels.

During September, global chemicals capacity rose by 0.2% and was up 3.5% Y/Y. As a result, capacity utilization in the global chemical industry fell 0.6 points, to 81.9%. This is down from 83.8% last September and below the long-term (1987-2017) average of 86.4%.

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