ACC: US specialty chemicals market volumes up
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
The American Chemistry Council (ACC) has reported that market volumes in the US specialty chemicals market volumes rose 0.3% in December 2016.
This follows an upwardly revised 0.5% gain in November 2016. Volumes have generally been climbing since May last year. All changes in the data are reported on a three-month moving average (3MMA) basis. Of the 28 specialty chemical segments monitored, 17 expanded in December, 10 markets experienced decline and one was flat. During December, large gains (1% and over) were noted only in oilfield chemicals.
The overall specialty chemicals volume index was stable on a year-over-year (y/y) 3MMA basis. The index stood at 105.4% of its average 2012 levels. This is equivalent to 3.30 million t. The downturn in the oil and gas sector affected headline volumes and weakness spread to other segments. Year-earlier comparisons were negative since 2Q15 but are now stable. On a y/y basis, there were gains among 19 market and functional specialty chemical segments.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/25012017/acc-us-specialty-chemicals-market-volumes-up/
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