Latin America stories: weekly summary
ICIS Editorial
03-Jun-2024
SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 31 May.
NEWS
Brazil’s Porto
Alegre port still shut after flooding, industry
demands more support
The Port of Porto Alegre remains shut one month
after severe flooding hit the Brazilian state
of Rio Grande do Sul, while trade groups are
asking the authorities to extend their
financial support to speed up the recovery.
Automotive major
Stellantis plants in Argentina, Brazil still
affected by floods aftermath
Stellantis’ facilities in Argentina remain shut
and its plant in Goiana, northeast Brazil, has
also partially stopped, a spokesperson for the
global automotive major said to ICIS on Friday.
Canadian
fertilizer producer Nutrien halts three Brazil
fertilizer blending plants
Canadian fertilizer major Nutrien has announced
a decision to halt three fertilizer blending
plants in Brazil as it undergoes a
reorganization of their operations for improved
efficiency within the country.
Brazil’s Unigel
on force majeure for HIPS due to lack of input
from Triunfo
Unigel has declared force majeure for high
impact polystyrene (HIPS) because one supplier
based in Brazil’s floods-hit state of Rio
Grande do Sul cannot deliver the feedstock,
according to a letter to customers seen by
ICIS.
Brazil’s
chemicals importers mobilize against tariffs
hike proposed by producers
Brazil’s importers of chemicals are lobbying
the cabinet not to implement the hikes to
import tariffs proposed by the country’s
producers, represented by trade group Abiquim.
PRICING
LatAm PP
domestic, international prices unchanged as
market awaits June prices
Domestic and international polypropylene (PP)
prices were assessed as unchanged this week
across Latin American (LatAm) countries.
LatAm PP
domestic, international prices unchanged as
market awaits June prices
Domestic and international polypropylene (PP)
prices were assessed as unchanged this week
across Latin American (LatAm) countries.
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