Braskem's Q1 main chemicals sales in Brazil fell 15%, year on year, while resin sales were stable, the Brazilian petrochemicals major said.
Braskem puts under the main chemicals umbrella the following: ethylene, propylene, butadiene, cumene, gasoline, benzene, toluene and paraxylene.
Main chemicals sales volume compared with 1Q 2022 decreased 15% due to lower demand in the period, which reflected in the utilisation rate of petrochemical crackers, the company said.
Main chemicals sales volume increased 6% compared to 4Q 2022 with emphasis on gasoline sales, mainly due to higher product availability for sale given the increase in utilisation rate of the petrochemical crackers.
Braskem's Q1 2023 resin sales in Brazil remained stable compared with the same period last year, the Brazilian producer said in its quarterly production and sales report.
Compared with Q4 2022, sales rose by 3% in line with the growth of the Brazilian resin market, due to higher demand for polypropylene (PP) and polyvinyl chloride (PVC), mainly in the agricultural, hospital and construction sectors.
We remind, Brazil’s mines and energy ministry (MME) has requested that federal oil firm Petrobras halt the sale of assets for 90 days starting March 1. The request was made due to the reassessment of the national energy policy and the establishment of a new composition of the national energy policy council (CNPE), which is part of the ministry.
mrchub.com