Latin America stories: weekly summary
ICIS Editorial
13-Jan-2025
SAO PAULO (ICIS)–Here are some of the stories from ICIS Latin America for the week ended on 10 January.
NEWS
Brazil’s Senator,
manufacturers aiming to overturn higher
chemicals tariffs, charge against
Braskem
Brazilian senator
Sergio Moro this week rallied plastic
manufacturers against the October increase in
import tariffs arguing it primarily benefits
petrochemicals major Braskem by protecting
its sales in the domestic market.
Argentina’s chemicals
output down 2% in November, outpacing
manufacturing
fall
Argentina’s chemicals
output fell by 2.1% in November, year on
year, as the sector and peers in
manufacturing continue to be one hardest hit
by the recession, according to the country’s
statistical office Indec.
Brazil’s chemicals
producer prices up nearly 12% in
November
Brazil’s chemicals
producer prices rose by 11.6% in November,
year on year, the country’s statistical
office IBGE said on Tuesday.
Brazil’s chemicals
output falls in November but annual growth at
2.4%
Brazil’s chemicals
output fell in November by 2.1%, month on
month, according to the country’s statistical
office IBGE on Wednesday.
Brazil’s inflation down
slightly but central bank to remain firm on
hiking interest
rates
Brazil’s annual rate
of inflation fell slightly in December to
4.83%, compared with November’s 4.87%,
according to the country’s statistics office
IBGE on Friday.
Mexico’s inflation
keeps falling but rate cuts could slow down
on global
uncertainty
Mexico’s annual
rate of inflation fell more than expected to
4.2% in December, down from 4.5% in November,
the country’s statistical office Inegi said
on Thursday.
Brazil’s November base
oils supply exceeds
demand
Brazil’s base oils
supply rose in November as a rebound in
imports more than covered for a drop in
domestic output.
PRICING
LatAm PP domestic
prices up in Brazil on currency devaluation,
higher import
tariff
Domestic
polypropylene (PP) prices increased in Brazil
on the back of currency devaluation and
higher import tariff. This is the first price
increase since August 2024.
LatAm PE international
prices increase on higher US export
offers
International
polyethylene (PE) prices were assessed higher
due to more expensive offers from the US.
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