[Concall] LG Chem "PVC Early Scheduled Maintenance in Q2"

[Asia Economy Reporter Park So-yeon] LG Chem stated in a conference call following the announcement of its Q1 2020 earnings on the 28th, "The spread in the polyethylene (PE) sector has widened due to the decline in oil prices," adding, "In the short term, there will be significant weakness in Q2 due to absolute demand issues, but the business is expected to remain solid this year thanks to the competitiveness recovery effect from the low oil prices." Regarding polyvinyl chloride (PVC), the company said, "In Q2, demand will partially decrease due to the lockdown in India, a major export market," and "We will operate supply flexibly in Q2 through early scheduled maintenance." Furthermore, it stated, "However, PVC is the product that benefits the most when the construction market improves due to the competitiveness recovery effect from the oil price drop and economic stimulus measures," concluding, "The PVC business is expected to be quite favorable this year."

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