APLA ’11: Global petchem demand to rise in early 2012 – Braskem

07 November 2011 22:53  [Source: ICIS news]

BUENOS AIRES (ICIS)--Global demand for petrochemicals and polymers is likely to increase in early 2012, driven by inventory restocking and a potential improvement in the European debt situation, a senior executive at Brazil-based producer Braskem said on Monday.

“It appears we will start next year with low inventories across the petrochemical chain. With the financial crisis in Europe reducing demand and prices falling, customers started destocking in September,” said Rui Chammas, executive vice president, polymers at Braskem.

Chammas spoke to ICIS on the sidelines of the 31st Latin American Petrochemical Association (APLA) annual meeting in Buenos Aires.

“But fundamentally the demand is there, so I would not be surprised if 2012 is positive with demand growing in all regions,” he added.

The 2011 APLA conference ends on Tuesday.
By: Joseph Chang
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