28 October 2011 20:16 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil's domestic sales of industrial chemicals in September dropped by 1.68% year on year partially because of weaker demand and production compared with the same period of 2010, chemical industry association Abiquim said on Friday.
Compared with August, Brazil’s domestic sales in September increased by 0.16%. Sales increased month on month in part because of stronger demand for year-end stock formation, Abiquim added.
In the first nine months of the year, domestic sales fell by 3.31% year on year, mainly because of the stronger Brazilian real and the increase of chemical imports, the association said.
Domestic production of industrial chemicals in September increased by 0.83% year on year and by 3.64% month on month, according to Abiquim.
In the January-September period, output fell by 3.76% year on year.
Brazil’s chemical industry ran at an average of 80% of capacity in January-September, compared with 83% of capacity in the same period of 2010, Abiquim said.
In the first nine months of 2011, domestic prices of chemicals increased by 15% year on year.
In September from August, prices increased by 2.54%, Abiquim added.
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