Braskem S.A. released its preliminary Production & Sales Report for Q1 2026, highlighting improved utilization rates and sales volumes in Brazil/South America and US/Europe segments despite Mexico challenges.
Key takeaways
Brazil/South America petrochemical crackers utilization +10 p.p. vs 4Q25 due to Bahia complex normalization and inventory build-up.
Brazil resins sales +5% vs 4Q25 driven by higher PE and PVC volumes amid geopolitical purchase anticipation.
US/Europe PP plants utilization +8 p.p. vs 4Q25 from post-maintenance normalization; PP sales +3%.
Mexico PE plants utilization -30 p.p. vs 4Q25 due to lower ethane imports (17.8k bpd) and PEMEX supply (14.8k bpd).
PP spreads improved vs 4Q25: Brazil +23% (PE), +6% (PP); US in line, Europe +71%.
Middle East conflict increased energy price volatility but did not materially impact Q1 2026 results.