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MOSCOW (MRC) -- Specialty chemical
market volumes in the US increased 1.2% on a sequential basis in October,
according to Chemweek with reference
to the American Chemistry Council (ACC).
This is a higher growth
rate than a revised 0.1% gain for September, and 1.1% increase in August. Of the
28 specialties segments tracked by ACC, 25 posted volume increases in
October.
The largest sequential volume gain came in rubber processing
chemicals, at 5.0%. Plasticizers, printing inks and plastic additives also
posted sequential gains of 3.0% or more. Oilfield chemicals saw the largest
volume decline, at 0.6%.
On a year-on-year (YOY) basis, US specialties
volumes were down 6.5%, with 23 of the 28 segments tracked by ACC posting
decreases. Oilfield chemicals posted the biggest YOY volume drop, at 22.5%,
while the biggest increase was in electronic chemicals, at 8.0%.
As MRC
reported earlier, Russia's output of chemical products rose in September
2020 by 6.7% year on year.
At the same time, production of basic chemicals
increased year on year by 6.1% in the first nine months of 2020, according to
Rosstat's data. According to the Federal State Statistics Service of the Russian
Federation, polymers in primary form accounted for the greatest increase in the
January-September output. September production of primary polymers decreased to
852,000 tonnes against 888,000 tonnes in August due to shutdowns in Tomsk, Ufa
and Kazan. Overall output of polymers in primary form totalled 7,480,000 tonnes
over the stated period, up by 16.4% year on year. |
