Braskem announces decrease in Brazilian PE and PP prices

07-Nov-13

Braskem has reduced prices of polypropylene and polyethylene in Brazil in H1-November, pressured by international competitive offers, as per sources in Platts. Offers on polypropylene grades -- homopolymer and co-polymer, by Braskem, were heard US$200/mt lower, at around US$2133/mt in the domestic market. For polyethylene grades, offers from Braskem were heard at US$2760/mt, or US$160/mt lower than the US$2920/mt in October. These prices include the Brazilian taxes, IPI and ICMS. But despite the prices reduction, the domestic offers in Brazil are still very expensive," a Brazilian distributor said. This is leading to an influx of imported material into Brazil.