Aug. 17 at 2:51 PM
$BAK
Why is it the chemical sector is not growing? All GDPs are positive. Markets are at ATH’s.
What’s holding back this segment? I know we say overcapacity, but how is it any different from 4 years ago? Have that many more plants come online? You can’t really say China, they’re still growing at 4-5% annual. Yes they have slumped but their factory output continues to hum.
WTF is going on with this sector? This is the only thing holding back a Braskem sale. If they can get back to baseline profitability and stop the burn, then the value is screaming in real time. Alagoas will take care of itself, it’s close to a wrap.
Sector must turn. Shut plants, whatever it takes.