U.S. chemical production declined slightly in November 2022

According to the American Chemical Association (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) fell 0.4% in November, following a decline of 0.4% in September and 0.3% in October, according to the MRCHUB website in Moscow, December 30, 2022.

Chemical production in all regions was lower than a month ago, with the Gulf of Mexico region seeing the biggest decline. The Gulf of Mexico region is home to the majority of U.S. basic industrial chemical and synthetic materials capacity. This reflects sluggish output in several end-manufacturing industries and weak export markets.

U.S. CPRI, measured by a three-month moving average (3MMA), was developed by ACC to track chemical production activity in seven U.S. regions.

On the basis of 3MMA, chemical production in November 2022 was uneven across sectors. coatings, adhesives and other specialty chemicals; industrial gases; synthetic dyes and pigments; Production of other inorganic chemicals increased. plastic resins, organic chemicals; Synthetic rubber; Man-made fiber; Consumable; These increases were offset by lower production of fertilizers and crop protection chemicals.