Brazil Petrochemicals Q3 2018
Brazilian petrochemicals imports are soaring, indicating that the industry's lack of competitiveness means it is losing out in terms ofmarket growth. In the long-term, lack of investment and the cancellation of the petrochemicals element of the Comperj mega-project will ensure that Brazil will see further increases in imports. The sector's decline is exacerbated by the corruption scandal thathas undermined confidence and the ability of domestic petrochemicals producers, under the cosh of massive fines, to respond tofuture domestic consumption growth.
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