Brazilian petrochemical producer Braskem has elevated for the 2nd time this month domestic prices on all polyethylene grades, a firm resource stated Friday.
Braskem is boosting rates on all PE offered in Brazil by around Actual 150/mt (around $48/mt), effective September 18, the source claimed. It comes on the heels of Braskem increasing PE prices by Genuine 300/mt (around $96/mt) September 1. Rises include Brazilian PIS as well as COFINS tax obligations.
Braskem's residential polypropylene pricing, on the other hand, is remaining steady, the resource stated. Braskem raised costs on PP marketed in Brazil by about Genuine 250-300/ mt (around $80-$96/mt) to start September.
Other South American producer Dow Chemical also has actually elevated rates on PE sold in Latin America this month, according to multiple letters to customers that S&P Global Platts acquired.
Regional enhances begun incredibly restricted schedule of US-origin materials in the wake of Typhoon Harvey, affecting manufacturing and logistics along the United States Gulf Coast.
The United States has for much of 2017 served as key resource of overseas imported resins for South American purchasers, with affordable rates and quick shipment home windows sometimes taxing regional manufacturer pricing. After Harvey made landfall August 25, South American buyers significantly have actually had to rely on Asia and also the Middle East for ATMP 50 imports, causing higher prices. Overall, area import PE pricing in Brazil has actually increased 9.3% to 12.1% from pre-Harvey levels August 23.
Residential Brazilian PE rates, consequently, have climbed 5.8% to 6.1% throughout the very same duration, with Braskem formerly citing "changes in worldwide resin costs" when executing the September 1 increase of Real 300/mt.
Platts last analyzed domestic Brazilian PE costs Wednesday at Real 5,500/ mt for LDPE; Real 5,300/ mt for LLDPE; Genuine 5,450/ mt for HDPE shot; Genuine 5,200/ mt for HDPE blowmolding; as well as Real 5,250/ mt for HDPE movie.
All evaluations were steady week on week and also are made on a provided Sao Paulo basis.
