US chemical production rebounds in June

Washington – The US Chemical Production Regional Index (US CPRI) rose 3.1% in June following a 4.6% decline in May and a 1.2% decline in April, according to the American Chemistry Council (ACC). 

During the month, chemical output rose in all regions, reflecting “solid demand for chemistry products and capacity restoration after the winter storms along the Gulf Coast.” 

The US CPRI is measured as a three-month moving average (3MMA).     

Chemical production was mixed in June, with growth in the production of organic chemicals, plastic resins, fertilizers, adhesives, coatings, chlor-alkali, crop protection chemicals, other speciality chemicals.

These gains were offset by continued weakness in synthetic rubber, synthetic dyes and pigments, manufactured fibers, and consumer products, ACC said 28 July.

Manufacturing output, closely related to chemicals consumption, also rose 0.2% 3MMA following a 1.2% gain in May.

Industries which witnessed gains included rubber products, tires, machinery, computers and electronics, and semiconductors. 

On a year-on-year basis, US chemical production rose 4.2%, reflecting higher production levels in all regions.