Petrochemicals to gain from consumer-led recovery

“Because Lotte Chemical is focused on the polyolefins business, it should benefit from any recovery in demand from copolymer PP, which is used in the production of automobiles and electronic appliances, ” said CGS-CIMB research said.

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd will be able to tap on the strong selling prices or better price spreads against naphtha in 2021, on a selected range of its production output.

CGS-CIMB Research said 2021 would likely see a consumer-led recovery in demand for durable goods which should benefit demand for petrochemical products such as polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), acrylonitrile-butadiene-styrene (ABS) and bis-phenol A (BPA).