Argentina’s January polymer output jumps 53.4% on year: Indec

0
290

Argentinian polymer and shot up 53.4% in January from the year-earlier month, mostly because of plant shutdowns for maintenance in the year-earlier period, the state statistics office Indec said Wednesday.

Indec did not provide raw data in a monthly industrial production report.

The production of basic chemicals rose 5.7% in January on the year, Indec said.

Output of goods rose 1.3%, driven by demand from makers of pipes, accessories and door and window frames, as well as parts for household appliances like dishwashers and some electrical goods, added.

Article continues below Advertisement...

The economy is expected to grow 3% this year, according to the , putting behind a 2016 recession and sluggish growth last year.

The production of fell 17.9% over the same period, as several producers shut their plants for upkeep. Even so, Indec said it expects demand for to increase, pushing up consumption of petrochemicals as car sales rise with faster and increased exports, in particular to , the country’s biggest automotive export market.

The top petrochemical producers in Argentina include state-run YPF, Dow Chemical and Pampa Energia.

  • Platts.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here