According to the American Chemistry Council (ACC), the U.S. posted yet another increase in chemical productions in June, mainly due to the rise of output in the Gulf Coast, Midwest, Ohio Valley and Southeast regions.
June U.S. Chemical Production Regional Index (CPRI) was up by 0.2%, after gaining 0.4% in May and 0.3% in April. The country’s chemical production was up by 1.5% year-on-year, weaker than the comparison in May. The largest gains of production were noted in the Gulf Coast and Northeast regions.
Gains were recorded in the production three-month moving average (3MMA) output trend in Chlor-alkali, plastic resins, organic chemicals, synthetic dyes and pigments, organic chemicals, inorganic chemicals, industrial gases, adhesives, manufactured fibers, and other specialty chemicals. However, output declines in pesticides, synthetic rubber, coatings, fertilizers, and consumer products offset the gains.
Meanwhile, analyzed from the 3MMA basis, the country’s manufacturing sector was unchanged in June after four months of declines. Output expanded in various chemistry-intensive manufacturing industries such as petroleum refining, plastic products, oil and gas extraction.
