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Recently, the American Chemical Industry Council (ACC) released the "Chemical Industry Situation and Outlook at the End of 2021"
Production will recover strongly
Production will recover strongly Production will recover stronglyACC said that in 2021, US chemical production will increase relatively modestly, with an expected increase of 1.
ACC predicts that in 2022, U.
Import and export will be further restored
Import and export will be further restored Import and export will be further restoredMoore believes that with the rebound of industrial activities and trade, the world economy will begin to recover, import and export activities will gradually return to normal in 2022, and the bottleneck of the supply chain will gradually improve
The continued growth of markets outside the United States means that US chemical imports and exports will continue to recover
Downstream market expectations are good
Downstream market expectation is good.Moore said that after industrial production contracted 7.
However, in 2021, global supply chain challenges and winter ice damage along the U.