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    Leonardo Marconjes

    Research Analyst at Bank of America

    Leonardo Marcondes is an Equity Analyst at Bank of America Securities specializing in Latin American energy and industrial companies, with a primary focus on firms such as Vista Oil & Gas and PetroReconcavo. He has issued 17 ratings across these sectors, with a performance record indicating a 50% success rate and an average return per rating of -11.2% according to TipRanks. Marcondes joined Bank of America to expand coverage of the Latin American market and engages directly with investor events and management calls for the companies he covers. He holds a relevant analyst role at Bank of America Securities with coverage responsibilities for US and Latin American markets, and can be reached through his official corporate email.

    Leonardo Marconjes's questions to BRASKEM (BAK) leadership

    Leonardo Marconjes's questions to BRASKEM (BAK) leadership • Q2 2025

    Question

    Asked about the outlook for petrochemical capacity closures globally, particularly in China, for 2025-2026. Also inquired about the expected timing for potential government support measures in Brazil, such as antidumping duties.

    Answer

    The company noted that capacity rationalization, especially in Europe, is happening slower than expected due to government subsidies keeping inefficient plants online. China is adding significant capacity to become self-sufficient, which will continue to pressure the market. On antidumping, they believe the technical arguments are strong, but there is no specific deadline for a decision, although the investigation process has a final deadline of May of the following year.

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