The brokerage said although the polymer spread fell from its peak of US$640 per tonne in end-March, the present spread of US$550 per tonne is “still profitable” for LCTH.
PETALING JAYA: Lotte Chemical Titan Holding Bhd
(LCTH) is likely to be profitable in the second half of this year (2H20) given the product spread is still healthy and profitable for the group, Maybank IB Research said.
The brokerage said although the polymer spread fell from its peak of US$640 per tonne in end-March, the present spread of US$550 per tonne is “still profitable” for LCTH.
