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US Chemical Production Down in October Following Hurricane Issues-ACC
12/02/2021

Lingering hurricane and supply chain disruptions led chemical production activity lower in the US, according to recent data released by the American Chemistry Council (ACC). In its Chemical Production Regional Index (CPRI), measured as a three-month moving average, US production declined by 0.3% in October.

The October decline followed a 1.6% decline in September and a 0.4% decline in August. Chemical output fell in all regions, except the Northeast. The Gulf Coast, a key region for plastics resin, had the biggest decline of 0.8% due to supply chain issues and the fallout from Hurricane Ida and Nicholas.

Despite the overall decline in chemical production from the CPRI, statistics from ACC also showed that major plastic resin production in October rose 9.3% to 7.8 billion lbs. The October resin production figure was also up slightly by 0.2% from a year earlier.

As the same time, manufacturing output firmed for a sixth consecutive month in October, rising slightly by 0.1% with gains in the output of food and beverages, aerospace, construction supplies, fabricated metal products, machinery, computers, semiconductors, refining, iron and steel products, plastic products, rubber products, tires, paper, printing, apparel, and furniture.

Although US chemical production was down, it was up 2.2% from October 2020.

By Brian Balboa for The Plastics Exchange.


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