November 2011

Trends and Resources

HP Impact: EU chemical production grows ever so slowly

European Union (EU) chemicals production in July grew by 0.8% compared with July 2010, according to the latest chemicals trends report released by the European Chemical Industry Council (Cefic). Howev..

Thinnes, Billy, Hydrocarbon Processing Staff

European Union (EU) chemicals production in July grew by 0.8% compared with July 2010, according to the latest chemicals trends report released by the European Chemical Industry Council (Cefic). However, that figure continues a trend of slower-than-expected growth, the group said. Production moved back into positive territory in July after output in June had moved slightly into negative territory. The July production figure dragged down further year-to-date output growth, which now stands at 3.0% for the first seven months of the year, well below the 4.5% full-year 2011 forecast by the trade group in late June. Data showed a near double-digit, year-on-year price increase in July, led by a

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