Braskem Q3 exports rise 17% year on year on lower global prices

27 October 2010 16:28  [Source: ICIS news]

SAO PAULO (ICIS)--Third-quarter exports by Brazilian petrochemical giant Braskem totalled $659.8m (€475.1m), up 17.3% year over year due largely to lower international prices for its products, the nation’s Foreign Commerce Bureau (Secex) said on Wednesday.

Secex said the increase was due to the fact that prices for the company’s products were more competitive in the international market. The third quarter includes figures from July, August and September.

Braskem’s third-quarter exports in 2009 reached $562.2m.  

In the first nine months of 2010, Braskem’s exports totalled $1.9bn, up 43.7% year over year, according to Secex.

Braskem’s exports in September reached $212.5m, up 13.3% year over year, Secex said.   

Braskem officials were not immediately available for comment. Secex did not release tonnage figures.

($1 = €0.72)

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By: Hellen Berger
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