03 October 2011 18:50 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil's domestic sales of industrial chemicals in August dropped by 0.09% year on year partially because of weaker global demand and lower international prices, chemical industry association Abiquim said on Monday.
Compared with July, Brazil’s domestic sales in August increased by 9.84%. Sales increased in part because of stronger demand for year-end stock formation, Abiquim said.
In the first eight months of the year, domestic sales fell by 3.59% year on year, mainly because the industry ran at very low capacity averages in the first part of the year, the association said.
Domestic production of industrial chemicals in August dropped by 1.61% year on year and increased by 2.47% month on month, according to Abiquim.
In the January-August period, output fell by 4.34% year on year.
Brazil’s chemical industry ran at an average of 79% of capacity in January-August, compared with an 83% capacity in the same period of 2010, Abiquim said.
In the first eight months of 2011, domestic prices of chemicals increased by 14.86% year on year.
In August from July, prices increased by 3.15%, Abiquim added.
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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