Latin America stories: weekly summary
ICIS Editorial
27-Jan-2025
SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 27 January.
NEWS
Colombia accepts
US terms for migrants’ deportations, fends off
25% tariff threat
Colombia became over the weekend the first
Latin American country to get a taste of
President Donald Trump’s immigration policy
mixed with unconventional diplomacy after the
country refused landing to two flights with
repatriated Colombian migrants.
INSIGHT: Trump executive
orders to revamp US energy and trade
policy
Buckle your seatbelts.
US President Trump kicked off Day One with a
slew of executive orders that will completely
revamp energy and trade policy, with major
implications for chemicals and plastics.
INSIGHT: Argentina’s
chemicals, manufacturing could be collateral
victims of liberalization
push
Argentina’s cabinet
drive to shift the economy from staunch
protectionism into liberal bastion is
increasing fears among chemicals and wider
manufacturing players that the country’s
beleaguered industrial fabric is yet to suffer
further losses in output in coming years.
INSIGHT: Brazil’s
GDP to be hit by potential US tariffs; COP30
loses significant emitter
Brazil could be hit with US import tariffs of
5% by mid-2025, according to credit rating
agency Moody’s, while the Brazilian leading
role in climate negotiations in November will
be diminished as one of the largest carbon
emitters, the US, is absent from the talks.
Argentina’s manufacturing
output still falling but ‘expansionary phase’
starting overall
Argentina’s
petrochemicals-intensive manufacturing output
continued falling in November, down 2.3% year
on year, but overall economic output rose while
consumer and business confidence is growing.
Brazil’s grain
harvest expected at record 322 million tonnes,
up 8%
Brazil’s
fertilizers-intensive agricultural sector is
expected to produce 322.3 million of grains,
pulses, and oilseeds in the 2024-2025 harvest,
up 8.2% year on year, according to the National
Supply Company (Conab).
Mexico’s cabinet wants
Pemex to meet 80% of national fertilizers
demand
The Mexican government
continues putting high hopes on Pemex’s ability
to sharply increase its fertilizers output and
has suggested the state-owned energy major
produce as much as 80% of the country’s demand.
Brazil’s Petrobras to
start up ANSA fertilizer plant in H2
2025
Petrobras will start up
its ANSA fertilizers plant in Araucaria, state
of Parana, in the second half (H2) 2025,
according to a spokesperson for the Brazilian
state-owned energy major.
German lubes maker Fuchs
forms JV with distributor Remsac in
Peru
Fuchs Group has
established a joint venture in Peru with local
distributor Remsac, the German lubricants
producer said on Friday.
Austria’s ALPLA to take
majority stake in Brazilian recycler Clean
Bottle
Austrian packaging
firm ALPLA aims to enter Brazil’s recycling
market by purchasing a majority stake
acquisition in high density polyethylene (HDPE)
recycler Clean Bottle, the company said on
Wednesday.
Brazil’s December lube
demand rises
Brazil’s lube
demand rose in December for a ninth month on
the back of a jump in consumption of everything
from transformer oils to engine oils.
PRICING
Braskem-Idesa announces
February price increase in
Mexico
Braskem Idesa is
seeking a price increase of $110/tonne on
high-density polyethylene (HDPE) and
low-density polyethylene (LDPE) as of 1
February, according to a customer letter seen
by ICIS.
LatAm
PP domestic, international prices increase in
Mexico on higher spot propylene
costs
Domestic and
international polypropylene (PP) prices
increased in Mexico, tracking higher spot
propylene costs. In other Latin American
countries, domestic prices were unchanged.
LatAm
international LLDPE, HDPE prices steady to
higher on back of expensive US export
offers
International linear
low density polyethylene (LLDPE) and high
density polyethylene (HDPE) prices were
assessed as steady to higher across Latin
American countries. Low density polyethylene
(LDPE) prices were assessed unchanged.
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