APLA ´08: Brazil olefins crackers cut rates

16 November 2008 21:17  [Source: ICIS news]

RIO DE JANEIRO (ICIS news)--Brazilian olefins producers have reduced operating rates due to weak demand and high inventories, market sources said on Sunday.

Two crackers were operating at about 60% and a third cracker was expected to be shut down in December for three months, sources said on the sidelines of the 28th Latin American Petrochemical Annual Meeting (APLA).

Brazil has six ethylene crackers.

One producer said demand in Brazil has plummeted, but the outlook is positive because the worst of the financial crisis seems to be over, according to the source.

“Banks are no longer collapsing and consumer spending will gradually improve,” the producer said.

Brazil ethylene capacity in tonnes/year

Braskem	630,000
Braskem	650,000
Copesul	455,000
Copesul	685,000
Quattor	750,000
Rio Polimeros SA - (Riopol)	520,000

 

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By: William Lemos
+1 713 525 2653

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