Brazil’s thermoplastic resins demand increases 9.2% in Q1 ’13

28 May 2013 02:43  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazilian apparent consumption of thermoplastic resins (production plus imports minus exports) increased by 9.2% year on year in the first quarter of 2013, the nation's chemical industry association ABIQUIM said on Monday.

Domestic demand for resins in the first quarter of 2013 rose by 11% quarter on quarter, it said.

According to ABIQUIM's thermoplastic resins coordinator, Luciano Guidolin, the quarter-on-quarter increase may be a result of a need to recover the stocks of resins by the transformed plastic industry, on the back of end-of-year sales.

"To affirm that the demand is really positive in the end of the [supply] chain, [we] need to wait the Q2 results and compare longer periods," he said.

ABIQUIM said the industry could celebrate the results if production had the same increases.

Production of thermoplastic resins rose by 2.4% in the first quarter, compared with the same period a year ago, it said, adding that the nation's chemical industry followed the same trend of the previous years and was not able to meet all of its demand.

Brazilian demand for thermoplastic resins has been met through imports, said ABIQUIM, "making the industry's idleness a worrying factor for the segment".

Imports accounted for 25% of Brazilian total demand for thermoplastic resins in the first quarter, the industry association said.

In 1990, imports accounted for only 5% of the nation's total demand for resins, ABIQUIM said.

The average usage of Brazilian plants is around 81%, while the global standard reaches 88% and 92%, ABIQUIM said.

Polyvinyl chloride (PVC) production increased by 19.3%, while its exports reached 118% in the first quarter, as a result of a recent expansion of Braskem's PVC production in the state of Alagoas.

Polyethylene (PE) demand increased by 7.8% in the same period, while production fell by 3.9%.

Polypropylene (PP) consumption and production increased by 8.9% and 1.1%, respectively, in the same period, ABIQUIM said.

Polyethylene terephthalate (PET) production increased by 34.2%, while exports decreased by 36.9% in the first quarter.

Polystyrene (PS) exports increased by 69.3%, while production decreased by 12.3% in the same period, it said.

By: Leo Siqueira
+1 713 525 2600

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