02 September 2011 21:33 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil's domestic sales of industrial chemicals in July dropped by 11.02% year on year because of weaker demand, chemical industry association Abiquim said on Friday.
Compared with June, Brazil’s domestic sales in July increased 4.01%. Sales increased in part because of stronger sales of plastics intermediaries, chlor-alkali products and thermoplastic resins, Abiquim said.
In the first seven months of the year, domestic sales fell by 4.57% year on year, mainly because of a rise in imports, the association said.
Abiquim added that sales also dropped because some customers had delayed purchases on expectations that prices would later drop.
Domestic production of industrial chemicals in July dropped by 7.9% year on year and increased by 2.1% month on month, according to Abiquim.
In the January-July period, output fell by 4.73% year on year.
Brazil’s chemical industry ran at an average of 79% of capacity in January-July, compared with an 83% capacity in the same period of 2010, Abiquim said.
In the first seven months of 2011, domestic prices of chemicals increased by 14.60% year on year.
In July from June, prices dropped by 1.79%, Abiquim added.
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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