Brazil Petrochemicals Report Q2 2013

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Brazil Petrochemicals Report Q2 2013 Mar 27th 2013, 00:00 BMI View: Brazil''s domestic industry is unlikely to benefit much from the expected recovery in demand in2013 and over the long-term will be increasingly challenged by the expansion of low-cost ethane-fedproduction in the US. Brazil will need to stimulate industrial growth in the chemicals segment, which hastaken a hit because of the strong real and high naphtha feedstock costs. Nevertheless, there remain sometremendous potential growth opportunities in the local market and if productivity improves and input costsfall Brazilian petrochemicals producers will sustain output and grow.Apparent consumption of processed plastics reached BRL59bn in 2012, up 8.5% year-on-year...

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