The hottest German chemical industry shows signs o

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The German chemical industry is showing signs of recovery

a few days ago, the German Chemical Industry Association (VCI) said that after the COVID-19 hit hard in the first half of the year, the German chemical pharmaceutical industry rebounded in the third quarter, with output and sales increasing by 1.9% respectively, followed by extrusion, molding, injection molding and other plastic processing processes% and 2.8%. Compared with the previous quarter, the report said that the producer's price also increased slightly by 0.5%, and the number of employees in the industry remained stable at about 464000, but lower than the same period last year

Germany's chemical pharmaceutical production in the third quarter fell by 1.7% year-on-year, but compared with the previous quarter, driven by the increase in demand, the chemical production increased by 4.9%. VCI said that the average capacity utilization rate was rising from 77.5% to 81.6%, so the operation rate in the third quarter almost returned to normal. The sales volume of the chemical industry increased by 2.8% month on month, reaching 43.8 billion euros (about 51.6 billion dollars due to the low risk of establishing a recycled plastic granule factory). The sales volume to domestic and foreign customers increased by 3.5% and 2.5% month on month respectively, especially with the positive development of the business with European customers, but the sales volume to foreign customers decreased by 8% year on year, and the overall sales volume decreased by 7.5% year on year

vci said that the decline in oil prices and the COVID-19 led to weak demand, and the sales price of German chemical companies fell by 2.6% year-on-year in the third quarter. Crude oil prices rose by about 36%, but fell by nearly 304 days compared with the same period last year, receiving 35000 professional visitors... The 106th China Plastics Fair was held at Taizhou International Convention and Exhibition Center from October 12 to 15%. Naphtha prices also rose by 50%, but fell by 25% year-on-year

vci pointed out that the global economic crisis is far from over. With the increase in the number of people infected by the second wave of the epidemic, the optimism of the chemical industry has been replaced by concerns about the future. The output of chemical pharmaceutical industry will decrease by 3% in 2020. The German chemical pharmaceutical industry will face difficulties in the fourth quarter. The COVID-19 will threaten the recovery of the industry

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