Brazil chemical production increases 2.94% in May

27 June 2013 16:14  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil's chemical production in May increased 2.94% month on month, while apparent consumption of chemicals – production plus imports minus exports – increased 9% from January-May 2013, the nation's chemical industry group (Abiquim) said on Thursday.

Within the last 12 months, from June 2012 to May 2013, apparent consumption of chemicals rose 2.6%, Abiquim said.

According to statistics technical director Fatima Giovanna Coviello Ferreira, domestic demand is still being met mainly by imports, whose volumes had a 32.8% increase year over year for the first five months of 2013.

Imports of intermediates for fertilizers and basic petrochemicals increased 51.6% and 27.1% in May, respectively, Abiquim said. Urea and methanol imports rose 78.7% and 25% in volume, respectively, the organisation said.

Polyethylene (PE) imports increased 20.6% in the period, the group said.

By: Leo Siqueira
+1 713 525 2600

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