Latin America stories: weekly summary

ICIS Editorial


SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 3 May.

Besieged by imports, Brazil’s chemicals put hopes on hefty import tariffs hike
Brazilian chemicals producers are lobbying hard for an increase in import tariffs for key polymers and petrochemicals from 12.6% to 20%, and higher in cases, hoping the hike could slow down the influx of cheap imports, which have put them against the wall.

Mexico’s manufacturing slows on weaker exports, Chinese competition
Mexico’s manufacturing sectors slowed down slightly in April on the back of tough competition, particularly from China, and weak demand from abroad, which caused a fall in output, analysts at S&P Global said on Thursday.

Brazil’s manufacturing at nearly three-year high on booming demand
Brazil’s manufacturing sectors continued booming in April on the back of a sharp increase in new business intakes, which led to higher output and job creation, analysts at S&P Global said on Thursday.

Mexico increases PET import tariff again in attempt to shield economy
In the last week of April, Mexican President Andres Manuel Lopez Obrador introduced an amended version of the Tariff within the General Import and Export Duties Law to enforce import duties, or temporary duties, on products falling under 504 tariff items, including polyethylene terephthalate (PET) resin. These new duties will vary from 5% to 50%.

Brazil’s Braskem Q1 resin sales fall 5% yearly, on prioritizing sales with higher added value
Braskem resin sales in its domestic Brazilian market dropped by 5% in Q1, year on year, on the back of prioritizing sales with higher added value in the period, the Brazilian petrochemicals major said on Friday in its quarterly production and sales report.

INSIGHT: Six decades on, Brazil’s Unigel founder fights the ultimate battle
The founder of Unigel, aged 87, is actively fighting the Brazilian chemicals and fertilizers producer’s most decisive battle, one for its survival, as it tries to restructure its debts, one step away from bankruptcy.

Lat Am PE domestic prices fall in Argentina, Brazil on cheaper imports, soft demand
Domestic polyethylene (PE) prices fell in Argentina and Brazil due to competition with cheaper imports and soft demand. In other Latin American countries, prices were unchanged.

LatAm PP domestic prices fall in Argentina, Colombia, Mexico on lower feedstock costs, soft demand
Domestic polypropylene (PP) prices fell in Argentina, Colombia and Mexico on the back of lower feedstock costs and soft demand.


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