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The decline in global demand for chemicals has affected normal inventory flows and prices. At the same time, the prices of chemical raw materials are also falling. However, compared with June, Brazil’s chemical production increased by 7.65% in July.
In the first seven months of this year, the chemical production in Brazil dropped by 3.44% year-on-year. In July, the average operating rate of facilities in Brazil's chemical industry was 88%, which was 5% higher than that in June and is the highest level this year.
The Brazilian Chemical Industry Association said recently that due to the continued weakness of the global economy, chemical production in Brazil fell by 0.9% in July, but signs of recovery have already appeared.