Margin pressure weighs on petrochemical players


The industry is suffering from weakening average selling prices amid sluggish global growth and ample downstream capacity, said Maybank IB Research.

PETALING JAYA: Petrochemical players are struggling to “find a bottom” as steep margin compressions continue to weigh down the industry, according to Maybank Investment Bank (Maybank IB) Research.

Moving into the second half of 2023 (2H23), challenges remained for the petrochemical players and the research house is “neutral” on the prospects.

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