The U.S. Chemical Production Regional Index (U.S. CPRI) fell 3.6% in February following a 0.7% gain in January and a 1.3% gain in December, according to the American Chemistry Council. During February, chemical output fell in all regions as winter storms disrupted chemical production in the Gulf Coast and other parts of the country that rely on raw materials from the region. Chemical output for the Gulf Coast region fell 5.8% compared with January, the largest monthly drop since September 2008 and the second-largest drop in the series, which goes back to 1988. The U.S. CPRI is measured on a three-month moving average (3MMA) basis.
As measured on a 3MMA basis, chemical production fell sharply in categories except consumer products, manufactured fibers, fertilizers and other specialty chemicals. The largest declines occurred in petrochemical and other organic chemicals and plastic resins. Smaller declines were seen in the production of inorganic chemicals, coatings, adhesives and pesticides.