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EU chemicals production in January increased 7.0%

April 06/2011

(ICIS) -- EU chemicals production in January increased 7.0% year on year as the sector continues to move closer to the peak output levels of 2007, the European Chemical Industry Council (Cefic) said on Wednesday. Chemicals production in the EU now stands at about 1.4% below the peak output achieved in 2007, Cefic said.

In its latest chemical trends report, Cefic said the EU has a trade surplus with all major markets except for China. There was a EUR 47bn (USD 67bn) trade surplus for the EU chemicals sector in 2010, up by 10% from 2009.

УThe record trade surplus reflects a long-term trend of increased trade flows between the [EU] and the rest of the world,Ф he said.

In terms of output, polymers production in January rose by 6.5% year on year, while basic inorganics and petrochemicals rose by 5.9% and 6.0%, respectively. Specialty chemicals production was up by 3.6% from January 2010, while consumer chemicals output rose by 9.3%.

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