30 April 2012 17:50 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil's domestic sales of industrial chemicals in the first quarter increased by 12.69% year on year, chemical industry association Abiquim said on Monday.
This was the best first quarter in the last six years, Abiquim said.
Compared with the fourth quarter of 2011, Brazil’s domestic sales in the first quarter of 2012 increased by 10.71%.
Domestic production of industrial chemicals in the first quarter rose by 11.65% year on year, according to Abiquim.
Sales in March were up by 9.11% year on year, while production in the same month increased by 6.99% year on year, Abiquim added.
In March, domestic prices of chemicals increased by 2.05% year on year.
In the first quarter, prices increased by 4.59% year on year, Abiquim added.
Brazil’s chemical industry ran at an average of 84% of capacity in the first quarter, up 6 percentage points compared with capacity in the same period of 2011, Abiquim said.
According to Abiquim, sales and production increased in the first quarter of 2012 because of an energy blackout that occurred in February 2011 that impacted the industry that year.
Other reasons for the increase would be related to the greater domestic demand in the period and higher prices in the international market.
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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