Argentine polymer and synthetic rubber output fell 15% in July, says data

BUENOS AIRES (Scrap Monster) : According to data released by the Argentine National Institute of Statistics and Censuses (INDEC), there has been a considerable decline in petrochemicals production by Argentina during the month of July this year. The production of synthetic polymer and rubber in July saw a huge decline month-on-month and year-on-year.

As per INDEC data, the country’s output of polymer and synthetic rubber fell by 15.3% in July when compared with the output during same month the previous year. The production fell by 23.3% over the previous month. The output during the initial seven months of the year has slipped by 3.6% when compared with the output during corresponding period a year before.

Meantime, the total production of plastic goods by compounders rose 5.4% in July when compared with the production during July 2012. The plastic goods output by the country in July have improved by 0.6% over the previous month. The plastic goods demand is generally considered as a clear indicator of polymer demand.

Also, the total production of tires went higher by 5.2% in July upon comparison with the production during July 2012. The tire production by the country in July has improved by 13.5% over the previous month. The tire production is a clear indicator of synthetic rubber demand.

The National Institute of Statistics and Censuses (INDEC) is the technical government agency responsible for the coordination and supervision of all public statistical activities taking place in the Argentine territory.