gfschemicals

2008, U.S. chemical production fell by 4.7%. Now, the American Chemistry Council (ACC) chief economist Kevin Swift is expected this year, U.S. chemical production has dropped by 8.1% again, but 2010 will be resumed in 2011 and 1.6% and 2.2% growth.

     Since the 1980s, the U.S. chemicals industry has experienced the most serious recession, but this decline has eased. In May this year, the U.S. chemical production fell by 9.5% year-on-year, while capacity utilization from 76.6 percent a year ago dropped to 69.5%. If drugs are not included, then the production of chemicals fell 15.5 percent year-on-year. Judging from the supply chain, inventory and sales of chemicals, the ratio has in the past few months has improved, but the proportion has remained at a historic high. However, in 2008 and 2009 a significant reduction in the first quarter of inventory appears to weaken the action.

     Swift predicted that if the drugs do not take into account, then the United States this year, chemical production is expected to decrease by 11.6%. Play a role as the inventory cycle, basic chemicals and chemicals of certain professions is expected to face changes in the most volatile. He added that the production of chemicals in 2009 in the United States will decline in all regions, while the decline in the coastal areas of the Gulf of Mexico is expected to reach double-digit rate because of global economic weakness will hinder the recovery of exports to the United States and will also slow down the United States domestic demand growth.

     Swift said that the Asian emerging economies seems to be the lead in the global chemicals industry recovery, "is expected in 2010 and 2011 before the recovery of the global chemicals production in 2009 will decline 6.3 percent, growth in developing countries will be better than developed countries, the latter a greater decrease in production. "