Braskem Seals Five-Year Petrobras Naphtha Supply and Storage Deals for Brazilian Complexes

Braskem SA ( (BAK) ) has shared an update.

On December 18, 2025, Braskem S.A. entered into a series of long‑term related‑party contracts with major shareholder and supplier Petrobras to secure petrochemical naphtha and storage capacity for its main Brazilian petrochemical complexes from January 1, 2026, through December 31, 2030. The agreements cover annual naphtha purchases ranging from 1.5 million to 1.7 million tons for the São Paulo complex, 280,000 to 2,016,000 tons via maritime transport for the Bahia and Rio Grande do Sul complexes, and rising volumes of 100,000 to 300,000 tons per year via the REFAP refinery for the Rio Grande do Sul plant, plus dedicated and progressively reduced storage space at REFAP tanks over the contract period, all priced on international benchmarks. Braskem’s management emphasized that the terms reflect market-based pricing, and the company noted that Petrobras and its management did not participate in Braskem’s internal decision-making on the deals, signaling an effort to demonstrate arm’s-length conditions in a material related-party transaction that underpins the security and predictability of feedstock supply for Braskem’s Brazilian operations over the next five years.

The most recent analyst rating on (BAK) stock is a Hold with a $3.30 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, with high leverage and declining profitability being the most critical factors. While there are some positive aspects, such as improved EBITDA and liquidity, these are overshadowed by ongoing industry pressures and valuation concerns. Technical analysis provides a neutral outlook, with mixed signals on momentum.

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

More about Braskem SA

Braskem S.A. is a Brazilian petrochemical producer that operates large petrochemical complexes in São Paulo, Bahia and Rio Grande do Sul, with its core business centered on the purchase of petrochemical naphtha and related feedstocks to manufacture plastics and chemical products for industrial and consumer markets. Petrobras, Brazil’s state-controlled oil company, is a key supplier and a shareholder with significant influence over Braskem, underscoring Braskem’s strategic integration into the country’s oil and petrochemical value chain.

Average Trading Volume: 1,027,808

Technical Sentiment Signal: Sell

Current Market Cap: $1.15B

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