Brazil resins production up 8% in May vs April

20 June 2008 21:32  [Source: ICIS news]

HOUSTON (ICIS news)--Brazilian resins production in May grew 8% compared with April, the Brazilian chemical producers association Abiquim said on Friday.

The increase followed a 12.8% month-to-month drop in April.

“Domestic demand for thermoplastic resins remained strong in May, especially within segments such as infrastructure, irrigation and durable goods,” said Abiquim official Luiz de Mendonca.

Brazil produced a total of 356,6000 tonnes of resins in May, boosted by resumption of the Braskem petrochemical complex in Triunfo, Rio Grande do Sul state, after a turnaround for routine maintenance in April.

Year to date resins production through May was 1.8m tonnes, or 6.7% lower than the same period of 2007, Abiquim said.

Resin imports in May were 85,300 tonnes, or 6.6% below imports into Brazil in April. Exports were 50,000 tonnes, or 9.5% less than exports in April.

Year to date exports through May were 309,600, or 38% less than the same period of 2007. Year to date imports were 435,800 tonnes, or 58% more than the same period of 2007, Abiquim said.

Apparent consumption of resins (production plus imports minus exports) grew 12.6% in the first five months of the year compared with the same period of 2007, reaching a total of 1.9m tonnes.

Domestic sales rose 8.2% in May compared with April, reaching 302,400 tonnes. Year to date domestic sales were 1.4m tonnes, or 0.6% greater than the same period of 2007.

The numbers are considered preliminary since they do not include polyethylene teraphthalate (PET). Only polyethylene (PE), polypropylene (PP), polystyrene (PS), and polyvinyl chloride (PVC), ethylene copolymer, and vinyl acetate (EVA) are were considered, Abiquim said.

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By: John Waggoner
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