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Brazil's Braskem sees resin demand down 8 pct in 4th qtr
November 9, 2012 / 12:50 PM / 5 years ago

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

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.

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