Braskem Polyethylene Polypropylene prices July
Braskem Polyethylene Polypropylene
Braskem raised PE and PP prices in July
The only Brazilian producer of Braskem polyolefins increases PE and PP prices for deliveries in July amid rising quotes for raw materials, ICIS reports.
Another good reason for the growth this month was the recent appreciation of the US dollar against the Brazilian real, which led to a decrease in production profitability.
Braskem said that given previous price increases, LDPE prices rose in July by USD75 per tonne, HDPE film prices by USD113 per tonne, while HDPE prices for blow molding by USD56 per tonne. LDL prices rose by USD75 per tonne. Prices Prices for homopolymers and copolymers of PP increased by USD94 per ton. Braskem Polyethylene Polypropylene
Economic conditions in Brazil are deteriorating as the incidence rate continues to rise. The number of people infected with coronavirus already exceeds 1.4 million and continues to grow rapidly. It is likely that the number of deaths this week will exceed 61 thousand, according to statistics from Johns Hopkins University.
According to ScanPlast of Market Report, the estimated PE consumption in Russia amounted to 595.17 thousand tons in the first five months of this year, which is 10% more than the same indicator a year earlier. Braskem Polyethylene Polypropylene
Deliveries of all ethylene polymers, except linear polyethylene (LDL), increased, including due to an increase in capacity utilization at ZapSibNeftekhim. The supply of PP to the Russian market in January – May 2020 amounted to 457.93 thousand tons (calculated by the formula production minus export plus import). Deliveries of exclusively propylene stat copolymers (PP random) increased.
Located in São Paolo, Braskem is the leading Brazilian petrochemical company and the main producer of polyethylene and polypropylene in the country.
The company owns the largest petrochemical facilities in Latin America and is the fifth largest petrochemical product in the world. Braskem operates 18 chemical plants with a production capacity of more than 11 million tons of chemical and petrochemical products per year. Braskem Polyethylene Polypropylene
Author: Anna Larionova