Brazil's Braskem sees resin demand down 8 pct in 4th qtr

SAO PAULO Fri Nov 9, 2012 7:47am EST

SAO PAULO Nov 9 (Reuters) - Brazil's Braskem SA, Latin America's largest petrochemical company, expects demand for plastic resins to decline about 8 percent in the fourth quarter from the prior quarter due to seasonal effects, Chief Executive Carlos Fadigas said on a Friday conference call.

Fadigas added that the resin market would likely grow 1 percent in all of 2012 compared with last year.