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Braskem SA ( (BAK) ) has shared an announcement.
In its report for the fourth quarter and fiscal year 2024, Braskem S.A. announced a decline in international spreads for polyethylene (PE) and main chemicals, due to a seasonal decrease in demand. This impacted its results, especially in Brazil and Mexico, where lower demand and increased raw material costs further strained performance. The company also experienced operational challenges with reduced cracker utilization rates and unscheduled maintenance shutdowns, particularly in the U.S. and European markets. Despite these challenges, an increase in the sales volume of green polyethylene was noted, supported by higher demand in Europe and Asia and expanded production capacity.
More about Braskem SA
Braskem S.A. is a Brazilian petrochemical company, primarily involved in the production of thermoplastic resins such as polyethylene (PE) and polypropylene (PP), and various other chemicals. It operates across Brazil, South America, the United States, Europe, and Mexico, focusing on the petrochemical industry and innovative sustainable solutions, including green ethylene and biobased products.
YTD Price Performance: 14.25%
Average Trading Volume: 1,039,574
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.82B
Find detailed analytics on BAK stock on TipRanks’ Stock Analysis page.
