Ethylene Unit at BASF-YPC Company Limited / Ethylen-Anlage in der BASF-YPC Company Limited

Cefic: EU chemicals sector losing momentum

Brussels – Growth in the EU chemicals sector is “losing momentum,” said Cefic, as it reported production up 1.9% from January to March compared to the same period of 2017,

The industry group’s analysis showed that the production index (2015 = 100) for the EU chemicals sector dropped from 104.2 points in Q4-2017 to 102.7 points in Q1-2018.

Cefic also noted EU Commission data showing that capacity utilisation in the EU chemicals sector at 82.9% in the first quarter of 2018 – down from 84.1% in the final quarter of 2017

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