Brazil February chemical sales rise 19.71% year on year

30 March 2012 20:18  [Source: ICIS news]

SAO PAULO (ICIS)--Brazil's domestic sales of industrial chemicals in February increased by 19.71% year on year, chemical industry association Abiquim said on Friday.

Products with greater demand included plastics, basic petrochemical products and synthetic fibres, Abiquim added.

Compared with January, Brazil’s domestic sales in February increased by 0.71%.

Domestic production of industrial chemicals in February rose by 25.72% year on year and dropped by 2.93% month on month, according to Abiquim. 

Sales in the first two months of 2012 were up by 14.63% year on year, while production in the period increased by 14.23% year on year, Abiquim added.   

According to Abiquim, sales and production increased in the first two months of 2012 because of an energy blackout that occurred in February 2011 that impacted the industry that year.

In February, domestic prices of chemicals increased by 3.04% year on year and by 0.07% month on month, Abiquim added.  

Prices were up by 6% in the first two months of 2012, the association added.

Brazil’s chemical industry ran at an average of 81% of capacity in February, up 13 percentage points compared with capacity in the same period of 2011, Abiquim said.

By: Hellen Berger
+1 713 525 2653

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