Recently, the European Chemical Industry Council (CEFIC) released business survey data, the data show that European chemical manufacturers continue to improve confidence, 2017 second quarter than the same quarter chemical situation is more favorable. The outlook for the next few months is moving in a positive direction: the total amount of chemicals and the expected increase in employment in the coming months, chemical industry confidence for the fifth consecutive quarter of an upward trend, higher than the long-term average.
| Stannous Sulphate |
In the first half of 2017, the EU chemical product production increased significantly. Compared with the same period last year, the EU chemical production in the first half of this year increased by 3.1%. But overall or lower than the level before the financial crisis.
Most of the chemical industry’s output has increased, with crop protection, basic inorganic, polymer and chemical consumer segments growing significantly. The registration of specialty chemicals remains relatively modest.
CEFIC noted that the price of chemicals rose by 5.7% in the first half of this year. In addition, the higher market volume and production price index positive trend further led to higher product prices.
In the first five months of this year, the EU’s overall sales (regional + exports) reached 219.2 billion euros, compared with 201.3 billion euros last year, an increase of 8%
| Bacillus thuringiensis |
EU single market domestic sales rose 15% to 136.3 billion euros, an increase of 21.4 billion euros over the same period last year.
In the first five months, the total consumption of EU chemicals (in the region + imports) also reached 30.3 billion euros, an increase of 8.9% over the same period last year.
According to the European Commission’s commercial survey, the second quarter of 2017, the EU chemical industry capacity utilization reached 84.1%, the fifth consecutive quarter showed an upward trend.
The survey also shows that the confidence of EU chemical producers is continuing to improve. The report said, “compared with the first quarter, the second quarter of this year has become more favorable.
| Chitosan oligosaccharide |