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EU chemical output increases for eighth month in a row

8:51 AM MDT | June 30, 2014 | Michael Ravenscroft

Cefic says in its latest chemicals trends report that output of chemicals in the European Union increased again in April, continuing the trend of year-on-year (YOY) growth that began in September 2013. The output of chemicals in January–April 2014 grew by 2.8% YOY as prices fell by 2.6%, resulting in flat sales. “The sector continues to grow, but we are not out of the woods yet,” says Hubert Mandery, Cefic director general. “Energy prices continue to put a strain on commodity chemicals, which are more energy-intensive. Our overall health...

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