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Braskem Announces New Propylene Contract with Petrobras

Story Highlights
  • Braskem operates in the petrochemical industry, focusing on polymer grade propylene.
  • Braskem signed a R$50.9 million propylene contract with Petrobras, effective until June 30, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Braskem Announces New Propylene Contract with Petrobras

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Braskem SA ( (BAK) ) just unveiled an announcement.

On June 24, 2025, Braskem S.A. announced a related-party transaction with Petrobras involving a spot purchase and sale contract for polymer grade propylene from the Alberto Pasqualini Refinery. This transaction, effective until June 30, 2025, reached a value of R$50.9 million, with prices based on international quotations. The agreement reflects Braskem’s ongoing strategy to secure essential raw materials and highlights the flexibility in price negotiation and quantity reallocation with Petrobras, a shareholder with significant influence over Braskem.

The most recent analyst rating on (BAK) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Braskem SA stock, see the BAK Stock Forecast page.

Spark’s Take on BAK Stock

According to Spark, TipRanks’ AI Analyst, BAK is a Neutral.

Braskem SA’s overall stock score reflects significant financial challenges, primarily due to declining revenues, high leverage, and ongoing profitability issues. Improvements in operational performance and strategic initiatives offer some positive outlook, but the high debt levels and sector challenges continue to weigh heavily on the company’s prospects.

To see Spark’s full report on BAK stock, click here.

More about Braskem SA

Braskem S.A. operates in the petrochemical industry, primarily focusing on the production and sale of polymer grade propylene. The company is based in Brazil and engages in transactions with significant industry stakeholders such as Petróleo Brasileiro S.A. – Petrobras.

Average Trading Volume: 913,295

Technical Sentiment Signal: Sell

Current Market Cap: $1.43B

See more data about BAK stock on TipRanks’ Stock Analysis page.

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