PETALING JAYA: The expectations for weakening polyethylene prices and the escalating trade tensions between the two giant economies are expected to take a toll on Petronas Chemicals Group Bhd’s (PetChem) earnings for the financial years (FY) 2019-2021.
New ethylene supply primarily from the United States and China are expected to soften polyolefin prices and this is expected to remain for quite a long period due to the tariffs imposed between the two countries.
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