06132021Sun
Last updateFri, 11 Jun 2021 4pm

End-User News

Global Chemicals Output Rebounds in June

Data collected and tabulated by the American Chemistry Council (ACC) show that due to growth in China, global chemicals production rose by 0.6% in June, an improvement from the 0.5% decline in May. Production has been declining throughout this year, with the last monthly gain occurring in December 2019. During June, chemical production fell in major regions except Asia-Pacific. Headline global production was off 7.2% year-over-year (Y/Y) on a three-month moving average (3MMA) basis and was off 7.4% from the peak December level. Global output stood at 109.8% of its average 2012 levels.

During June, global capacity was stable and was up 2.6% Y/Y. With improving production, capacity utilization in the global chemical industry increased by 0.5 points to 75.3%. This is down from 83.2% last June and below the long-term (1987-2017) average of 86.5%.

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