European chemical industry faces continued degrowth due to energy price volatility and declining consumer demand, contrasting with a 1.3 per cent year-on-year increase in US chemical production in November.
Global chemical freight rates saw a 15 per cent increase.
Meanwhile, Nylon-66 production surged by 4 per cent due to robust automotive demand in China and the US.
European chemical industry faces continued degrowth due to energy price volatility and declining consumer demand, contrasting with a 1.3 per cent year-on-year increase in US chemical production in November.
Global chemical freight rates saw a 15 per cent increase.
Meanwhile, Nylon-66 production surged by 4 per cent due to robust automotive demand in China and the US.