SAO PAULO (ICIS)–Brazilian petrochemicals sources have said the slight hike in polymers’ import tariffs will have little overall impact, although it is expected to help shore up margins for domestic producers.
Earlier in November, Brazil’s Chamber of Foreign Commerce (Gecex-Camex) decided to hike import tariffs on several polymers, partly reversing a decision adopted in 2022 by the previous government, which lowered the same rates.
Import tariffs were raised from 11.2% to 12.6% in widely used polymers such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and polypropylene (PP) copolymers and homopolymers.
Outside the ethylene chain, tariffs will also increase to 12.6% for polymers polyvinyl chloride (PVC) and polystyrene (PS).
Published by: www.icis.com
Bruno Menini
30-Nov-2023
