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US specialties market volumes gain in October

November 26/2020

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.
Author:Margaret Volkova
Tags:crude and gaz condensate, propylene, ethylene, petrochemistry, adhesives, electrical goods, paints and coatings, Russia, USA.
Category:General News
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