PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem), which saw earnings growth of more than 100% in its first quarter ended March 31, 2017, could record lower income in its subsequent quarters due to softer product prices.
In a report, MIDF Research said the olefins and derivatives (O&D) market is expected to soften with average selling price (ASP) coming off as demand weakens post-restocking activities.
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