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German chemical body VCI sees 2022 output falling 8.5%

September 16, 2022 Comments Off

This story also appears on Chemical Week by S&P Global . German chemical industry association VCI has cut its full-year output forecast again due to “the dramatic developments on the gas and electricity markets” and expects chemical production, excluding pharmaceuticals, to decline 8.5% in 2022. VCI’s previous forecast, made in July, was for a 4.0% drop in production. At the…