Global Chemical Output Reduction In 08 November
According to the ACC report, output of the global chemical industry decreased by 1.8% in November 2008. Earlier, in October, it increased slightly, and decreased in August and September. Some industries began to show weakness in January. Latin American growth is limited.
Production in other areas decreased. Compared with the previous year, the output of three months was 2.1% less than that of mobile average (3MMA), which is 122.4% of the average level in 2002.
Since the four quarter of 2006, the year has shown a moderate increase in annual comparison, but it has turned negative from October. Customer sales declined and orders were greatly reduced. The main index of global industrial production shows that final demand is further weaker, though customer inventory may be exhausted in the first quarter.
In November, the decrease in North American behavior was due to the consequences and consequences of Hurricane Gustav and Ike, and the production facilities in the Gulf were forced to close. The reduction in production in November was very wide, especially in the production of basic chemical products, petrochemical products and intermediates, plastic resins and man-made fibres. But inorganic chemical production has increased.
The production of special chemical products dropped in November, covering almost all kinds of special chemical products. In other chemical industries, the production of agricultural chemical products and consumer products also showed a downward trend, but the production of pharmaceutical and chemical industries decreased slightly. According to recent data, production in Canada and Mexico has decreased. Compared with the same period in 2007, the production of chemical products in the whole region decreased by 7.9% compared with the same period in the same period, and the production in three NAFTA countries also declined.
Latin America's output grew by only 2.9% over the same period last year. Compared with the previous year, production in Brazil, Peru and Uruguay increased significantly, but production in Argentina, Chile, Columbia and Venezuela decreased.
Preliminary data show that Western European production in November declined for three consecutive months. In recent months, the area has been declining year by year, with production ratio decreasing by 1.8%. From a year-on-year basis, Belgium, Ireland, Sweden and the United Kingdom and Luxemburg produced strong growth, while Greek production grew moderately, while other regions decreased year-on-year.
In November, production in central and Eastern Europe decreased by 0.4% over the same period last year. In particular Bulgaria, Czech, Estonia and Croatia produced strong year-on-year growth. Production in Russia and Slovenia has increased moderately, while production in other regions has declined. In recent years, some EU member states have benefited from the eligibility of EU Member States, but Western European countries have been affected, and production in the region has generally declined.
The situation in Africa and the Middle East has continued to improve, and new production capacity has continuously generated production, benefiting from the Persian Gulf feeding plant. Production in Israel and Tunisia increased strongly, while Cyprus, Jordan and South Africa decreased, and production in the whole region increased by 12.8% over the same period last year.
Production in the Asia Pacific region has been decreasing for four consecutive months. Overall production decreased by 0.7% over the same period last year. From the year-on-year perspective, the region continued to grow substantially year by year, especially in China, Korea and Philippines, but production in Japan, India, Australia, New Zealand, Pakistan, Singapore, Taiwan and Thailand decreased.
Editor: vivi
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