Global chemical production rose for the sixth consecutive month

　　According to ICIS-MRC, data collected and collated by the American Chemistry Council (ACC) shows that global chemical production increased by 1.9 percent, up from 1 percent in October.7 percent, extending a recovery that began in June。According to the Hydrocarbon Processing Network, production of chemical products increased in all regions except the former Soviet Union (FSU) region in November last year。
　　Global total production, on a 3-month average basis, increased by 3.At 7 per cent, it is now 2 per cent above its pre-coronavirus peak in December last year.9%。Global production was 122 of the 2012 average.0%。
　　In November last year, global production capacity increased by 0.1%, an increase of 2.2%。With the increase in production, the global chemical industry capacity utilization rate increased 1.5 percentage points to 82.9%。That's up from 81 in October.7% and the pre-COVID-19 peak in December 2019, but below the long-term (1987-2017) average of 86.5%。
　　In the chemical sector, the results for November last year were positive, with gains in all sectors。Year-over-year growth in the coatings industry was mixed, with growth in plastic resins, synthetic rubber, man-made fibers, bulk petrochemicals and organic products, inorganic chemicals, other specialty products, agricultural chemicals and consumer products, but a decline in the coatings industry。
Hoffen translated from ICIS-MRC