01 August 2013 21:26 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazilian sales of industrial chemicals increased 7% in June versus July as a result of tax exemptions as well as a weaker real, which made domestic products more attractive than imports, a trade group said on Thursday.
The tax exemptions lowered the price of feedstocks, which benefitted the Brazilian chemical industry, Abiquim said.
In the first half of the year, Brazil's apparent consumption, which includes production and imports while excluding exports, rose 8.8%, the trade group said.
According to Abiquim, the volume of imports from January to June increased 25.8%, year on year. The volume of urea imports increased 60.9%, while imports of methanol rose 20.6% and thermoplastic resins 25.3%, the trade group said.
Polyethylene (PE) imports increased 31.4% in the first half of the year, Abiquim said,
Chemical exports in the first half of the year fell 2.7%, Abiquim said.
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