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Braskem still running at decreased prices as a result of Brazilian trucker strike

Braskem is currently running its Brazilian petrochemical plants at fifty percent capability as it continues to handle the effect of a Brazilian trucker strike that damaged the nation's logistics, the firm claimed Friday.

" Because of the logistics constraints occurring from the across the country truckers' strike, over the previous couple of days [Braskem] has actually been progressively reducing the capability utilization rate of its petrochemical facilities in the nation, which currently are running at around 50% of their small capability in Brazil," the firm said in a statement launched late Wednesday night.

When reached Friday, a company spokeswoman indicated there had been no adjustment to the condition or "any kind of brand-new information concerning the subject."

Elsewhere, state-owned energy manufacturer Petrobras-- which has a risk of Braskem-- earlier today stated its "refineries are running" in the middle of constant market comments of worker strikes as well as barricades impacting production.

Market resources today additionally indicated that both the Brazilian trucker strike and a different refinery employees strike were influencing Petrobras' capacity to create and also supply feedstock naphtha as well as gas to Braskem. Petrobras, nonetheless, dealt with those reports by stating "there is no impact to the marketplace supply."

Several requests for added comments or details were not returned by Petrobras.

Brazilian truck chauffeurs were on strike for 10 days, finishing late this week, in objection of climbing diesel prices after state-owned Petrobras provided new diesel higher pricing that tracked just recently greater global crude prices.

The strike drastically impacted the schedule of food as well as gas in the region, while likewise hindering non-industrial transportation as a result of greater than 500 road obstructs in the region, a major Brazilian polymers distributor source stated.

" We went from leader of Latin America to Venezuela in one week," the resource stated, adding that their business is essentially closed down for the foreseeable future. "Also if ATMP obtain materials, you can not move finished goods or existing stocks, and you can not bring employees to factories."

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