[Concall] Lotte Chemical "Strong H2 PE, PP, ABS... Engineering Plastics Also Growing"
[Asia Economy Reporter Hwang Yoon-joo] Lotte Chemical stated in its Q1 earnings conference call that "This year, the petrochemical industry is expected to see an upward revision of the economic growth rate to around 6.0% due to vaccine distribution and stimulus measures by various countries, leading to strong demand and price increases in the steel and chemical materials sectors, resulting in favorable performance," on the 7th.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
They added, "The home appliance and IT sectors are expected to maintain strong demand, with continued favorable performance anticipated in the second half for PE, PP, and ABS segments," and explained, "Although there are semiconductor issues in the automotive sector, the growth of electric vehicles continues, projecting solid growth in battery material fields such as BD and engineering plastic products."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
