Braskem Oct exports drop 15.9% from 2009 on lower global prices

02 December 2010 20:08  [Source: ICIS news]

SAO PAULO (ICIS)--October exports from Brazilian petrochemical giant Braskem totalled $181.4m (€137.9m), down 15.9% year on year as a result of lower international prices for petrochemical products, Brazil’s Foreign Commerce Bureau (Secex) said on Thursday.

That marked the first year-on-year decline for any month in 2010, the Bureau said.

Secex said the drop resulted from lower international prices for products such as basic petrochemicals and thermoplastic resins.

Year-to-date through October, Braskem’s exports totalled $2.05bn, up 32.2% year on year, according to Secex.

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

($1 = €0.76)

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