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 ..."
The Chilean petrochemicals industry will remain a marginal, local player that will struggle to compete on
the domestic market. In spite of renewed gas supply deals for the country's methanol sector, feedstock
restraints will undermine production and investment and the ..."
BMI View: The Venezuelan petrochemicals industry may have benefitted from the impact of lower crude oil
costs on naphtha feedstock prices, but the local market is facing severe constraints due to the country's
ongoing economic problems and poor business environment. P ..."
BMI View: The Colombian petrochemicals industry reported an overall solid growth performance in 2015,
although rubber output was hit by a contraction in sales that was partly caused by a decline in output in the
automotive industry. The refining sector is expanding wi ..."
Above-ground risks to the development of the natural gas sector are impeding progress on the development
of Peru's downstream petrochemicals potential, which is considerable given the massive size of the
country's upstream resources. Completion of any world-scale petr ..."
The steady decline in hydrocarbons production in Argentina led to a shortage of feedstock in recent years
with a lack of both ethane and methane. As the Vaca Muerta shale reserves become more available, there is
potential for rejuvenating the petrochemicals sector. Th ..."
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 ..."