BMI View: Cheaper oil has lowered the cost of naphtha, Braskem's main raw material, thereby improving
competitiveness. However, the Brazilian petrochemicals industry still endured one of the worst years in two
decades in 2015 due to the domestic economic recession. Re ..."
BMI View: The Brazilian petrochemicals industry will only just offset the expected contraction in the
domestic market with export growth, supported by lower naphtha feedstock prices and a weak currency.
While export growth helped limit the effects of a deteriorating d ..."
BMI View: The Brazilian petrochemicals industry is faced with heightened risk amid exchange rate
volatility and a slumping domestic market, on top of the worsening business environment which is seeing
chemicals industry incentives withdraw, taxes hiked and input costs ..."
BMI View: The Brazilian petrochemicals industry is stabilising on the back of growing exports, but the
sluggish domestic market amid a recession holds little hope of lifting the industry. Currency depreciation
has helped the industry sustain production rates with a sm ..."
BMI View: Owing to a poor market outlook and the orientation of Brazil's manufacturing industry towards
the domestic market, rather than export markets, we are becoming more bearish on the country's
petrochemicals production. A likely economic recession in 2015 will b ..."
BMI View: The indefinite postponement of Braskem's planned petrochemicals facilities at the Comperj
complex has dealt a major blow to Brazil's hopes of becoming self-sufficient in polymers and aromatics,
according to our latest Brazil Petrochemicals Report.
The Brazilian petrochemicals industry is struggling to raise its capacity utilisation rates to sustainable levels
in the face of fierce competition and declining domestic competitiveness, according to BMI's latest Brazil
Chemicals producti ..."
Producers claimed they are seeing benefits, with an increase in capacity utilisation expected in the short
term and an increase in investment in the medium term. While tax cuts on raw material purchases should
help competitiveness, they will be insufficient to resolve ..."
The Brazilian petrochemicals market will continue to grow through 2014, with an easing of raw material
costs and the depreciation of the real helping local producers to regain lost market share, according to BMI's
latest Brazil Petrochemicals Report. However, in the l ..."
Brazilian chemicals producers are suffering from a sustained surge in imports. While a better business environment due to supportive government measures should help increase efficiency and stimulate consumption, BMI still forecasts an erosion of market share to cheaper imports, p ..."